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

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

Klabin Stock Performance

KLBAY traded up $0.56 during midday trading on Wednesday, hitting $7.78. 1,100 shares of the company were exchanged, compared to its average volume of 5,142. The company’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $7.73. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. Klabin has a 1-year low of $6.75 and a 1-year high of $9.33. The company has a current ratio of 2.85, a quick ratio of 2.39 and a debt-to-equity ratio of 2.89.

Analyst Upgrades and Downgrades

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

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.