KP Tissue Inc (KPT) to Issue Quarterly Dividend of $0.18 on October 16th
KP Tissue Inc (TSE:KPT) announced a quarterly dividend on Wednesday, August 9th, Zacks reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.18 per share on Monday, October 16th. This represents a $0.72 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, September 28th.
KP Tissue (TSE:KPT) traded up 0.26% during trading on Friday, hitting $15.20. The stock had a trading volume of 7,186 shares. The company has a 50 day moving average of $14.51 and a 200-day moving average of $14.96. KP Tissue has a 12-month low of $13.31 and a 12-month high of $16.34. The company’s market cap is $139.58 million.
KPT has been the topic of several recent analyst reports. TD Securities raised KP Tissue from a “hold” rating to a “buy” rating and set a C$16.00 price target on the stock in a research report on Thursday, August 10th. Scotiabank lowered their target price on KP Tissue from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Thursday, August 10th.
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KP Tissue Company Profile
KP Tissue Inc is a Canada-based company, created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.
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