Klabin S.A. (OTCMKTS:KLBAY) Increases Dividend to $0.12 Per Share

Klabin S.A. (OTCMKTS:KLBAY) announced a dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.1199 per share by the basic materials company on Monday, August 26th. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from Klabin’s previous dividend of $0.12.

Klabin Price Performance

Shares of KLBAY stock remained flat at $7.54 on Wednesday. The stock had a trading volume of 110 shares, compared to its average volume of 459. Klabin has a 12 month low of $6.75 and a 12 month high of $9.33. The firm has a 50 day moving average price of $7.74 and a 200 day moving average price of $8.11. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.51 and a beta of 1.12.

Klabin Company Profile

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.