Deltic Timber Corporation (DEL) To Go Ex-Dividend on August 31st
Deltic Timber Corporation (NYSE:DEL) declared a quarterly dividend on Thursday, June 15th, RTT News reports. Investors of record on Tuesday, September 5th will be given a dividend of 0.10 per share by the construction company on Tuesday, September 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, August 31st.
Deltic Timber Corporation (DEL) opened at 76.12 on Wednesday. The stock has a market cap of $927.60 million, a PE ratio of 110.32 and a beta of 0.89. Deltic Timber Corporation has a 1-year low of $53.21 and a 1-year high of $85.49. The company’s 50 day moving average is $71.34 and its 200-day moving average is $73.90.
Deltic Timber Corporation (NYSE:DEL) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share for the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%. The business had revenue of $55.35 million for the quarter. Equities research analysts forecast that Deltic Timber Corporation will post $1.50 earnings per share for the current fiscal year.
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A number of equities analysts have recently weighed in on DEL shares. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Deltic Timber Corporation in a research note on Tuesday, July 4th. TheStreet cut shares of Deltic Timber Corporation from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Stephens raised shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $49.00 to $60.00 in a research note on Monday, July 17th. Morgan Stanley upped their price target on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 price target (up from $41.00) on shares of Deltic Timber Corporation in a research note on Sunday, May 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $49.11.
About Deltic Timber Corporation
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Company’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s four real estate developments and a related country club operation, and Corporate.
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