Klabin S.A. Declares Dividend of $0.10 (OTCMKTS:KLBAY)

Klabin S.A. (OTCMKTS:KLBAY) announced a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0995 per share by the basic materials company on Monday, December 2nd. The ex-dividend date of this dividend is Friday, November 15th.

Klabin Price Performance

Shares of OTCMKTS:KLBAY remained flat at $7.41 during trading hours on Thursday. The stock’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $7.70. Klabin has a 52 week low of $6.75 and a 52 week high of $9.33. The company has a market cap of $4.58 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.81 and a beta of 1.13. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.85 and a quick ratio of 2.39.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.