KP Tissue Inc. (TSE:KPT) to Issue Quarterly Dividend of $0.18

KP Tissue Inc. (TSE:KPT) announced a quarterly dividend on Friday, September 27th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Friday, September 27th.

KP Tissue Stock Performance

TSE KPT opened at C$8.58 on Thursday. The business’s fifty day moving average is C$8.48 and its 200 day moving average is C$8.46. KP Tissue has a fifty-two week low of C$8.02 and a fifty-two week high of C$10.17. The company has a market capitalization of C$85.54 million, a PE ratio of 14.30, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

KP Tissue (TSE:KPT) last released its earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.10). The company had revenue of C$509.80 million for the quarter, compared to the consensus estimate of C$487.50 million. On average, sell-side analysts forecast that KP Tissue will post 0.442939 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their target price on shares of KP Tissue from C$8.50 to C$9.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.