ValuEngine upgraded shares of Klabin (OTCMKTS:KLBAY) from a sell rating to a hold rating in a report published on Friday, November 2nd.
OTCMKTS:KLBAY traded up $0.15 during trading hours on Friday, reaching $9.49. The company has a current ratio of 2.90, a quick ratio of 2.60 and a debt-to-equity ratio of 2.84. Klabin has a 1-year low of $9.46 and a 1-year high of $12.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Friday, November 9th will be paid a dividend of $0.154 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Klabin’s previous quarterly dividend of $0.08.
Klabin SA, together with its subsidiaries, operates in the paper and pulp industry in Brazil. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment engages in planting and growing pine and eucalyptus trees, as well as sells timber to third parties. The Paper segment produces and sells cardboard, kraftliner, and recycled paper rolls.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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