Klabin S.A. (OTCMKTS:KLBAY) Declares Dividend of $0.12

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

Klabin Stock Down 6.1 %

OTCMKTS KLBAY opened at $8.49 on Friday. Klabin has a twelve month low of $7.42 and a twelve month high of $10.26. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. The business’s fifty day moving average is $9.33 and its 200 day moving average is $9.10.

Klabin’s stock is going to split on Tuesday, May 7th. The 11-10 split was announced on Tuesday, May 7th. The newly created shares will be issued to shareholders after the market closes on Tuesday, May 7th.

Klabin (OTCMKTS:KLBAY) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $908.49 million during the quarter. On average, research analysts anticipate that Klabin will post 1.18 earnings per share for the current fiscal 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.