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

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) announced a dividend on Tuesday, April 30th, investing.com reports. Shareholders of record on Tuesday, May 7th will be paid a dividend of 0.1157 per share by the basic materials company on Tuesday, May 28th. This represents a yield of 4.79%. The ex-dividend date is Monday, May 6th. This is a boost from Klabin's previous dividend of $0.01.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY traded down $0.17 on Tuesday, hitting $8.87. The stock had a trading volume of 424 shares, compared to its average volume of 7,520. Klabin has a twelve month low of $7.42 and a twelve month high of $10.26. The firm's 50 day moving average price is $9.32 and its 200-day moving average price is $9.12. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09.

Shares of Klabin are scheduled to split on Tuesday, May 7th. The 11-10 split was announced on Tuesday, May 7th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, May 7th.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $908.49 million for the quarter. As a group, sell-side analysts predict that Klabin will post 1.18 EPS for the current year.

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.