Klabin S.A. Plans Dividend of $0.07 (OTCMKTS:KLBAY)

Klabin S.A. (OTCMKTS:KLBAY) announced a dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.0718 per share by the basic materials company on Monday, March 24th. The ex-dividend date of this dividend is Monday, December 23rd.

Klabin Stock Performance

Shares of OTCMKTS KLBAY traded down $0.17 during trading on Friday, reaching $7.44. The stock had a trading volume of 103 shares, compared to its average volume of 5,235. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The stock has a market cap of $4.59 billion, a PE ratio of 11.62, a P/E/G ratio of 15.25 and a beta of 1.10. Klabin has a one year low of $6.75 and a one year high of $9.33. The firm’s 50 day moving average price is $7.33 and its two-hundred day moving average price is $7.56.

Wall Street Analysts Forecast Growth

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.