Doman Building Materials Group Ltd. (TSE:DBM) Announces $0.14 Quarterly Dividend

Doman Building Materials Group Ltd. (TSE:DBM) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.14 per share on Tuesday, April 15th. This represents a $0.56 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Monday, March 31st.

Doman Building Materials Group Stock Down 0.7 %

TSE:DBM traded down C$0.05 during midday trading on Friday, hitting C$6.99. 279,328 shares of the company were exchanged, compared to its average volume of 239,431. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.96. The company has a market capitalization of C$610.92 million, a PE ratio of 10.80 and a beta of 1.53. The company has a fifty day simple moving average of C$7.43 and a 200 day simple moving average of C$8.21.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. CIBC dropped their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday. Finally, Raymond James reduced their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Doman Building Materials Group has a consensus rating of “Buy” and an average price target of C$10.64.

Insider Activity at Doman Building Materials Group

In related news, Director Marc Seguin purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is currently owned by insiders.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.