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

KP Tissue Inc. (TSE:KPT) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Monday, September 30th.

KP Tissue Trading Down 0.2 %

TSE KPT traded down C$0.02 during trading on Wednesday, hitting C$8.45. The company had a trading volume of 5,400 shares, compared to its average volume of 17,128. The company’s fifty day moving average is C$8.48 and its 200-day moving average is C$8.47. The company has a market cap of C$84.25 million, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. KP Tissue has a one year low of C$8.02 and a one year high of C$10.48.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.11 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.05). The business had revenue of C$479.43 million for the quarter, compared to analyst estimates of C$473.50 million. As a group, equities analysts anticipate that KP Tissue will post 0.6601562 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Desjardins reduced their price target on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. TD Securities upped their target price on shares of KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research report on Wednesday.

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.