Dorel Industries Inc (TSE:DII) announced a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Thursday, November 16th will be given a dividend of 0.387 per share on Thursday, November 30th. This represents a $1.55 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Dorel Industries’s previous quarterly dividend of $0.30.

Shares of Dorel Industries (TSE DII) opened at C$29.84 on Tuesday. Dorel Industries has a one year low of C$28.31 and a one year high of C$40.85.

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Several research firms have recently commented on DII. B. Riley reiterated a “buy” rating on shares of Dorel Industries in a research note on Friday, November 3rd. National Bank Financial reiterated a “sector perform overweight” rating on shares of Dorel Industries in a research note on Tuesday, August 8th.

About Dorel Industries

Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings.

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