Wausau Paper Corp. Declares Quarterly Dividend of $0.03 (WPP)
Wausau Paper Corp. (NYSE:WPP) announced a quarterly dividend on Thursday, June 19th, ARN reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.03 per share on Friday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.11%.
On a related note, analysts at Zacks downgraded shares of Wausau Paper Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $9.00 price target on the stock.
Shares of Wausau Paper Corp. (NYSE:WPP) traded down 1.73% on Thursday, hitting $10.80. The stock had a trading volume of 239,661 shares. Wausau Paper Corp. has a 52 week low of $10.00 and a 52 week high of $14.04. The stock’s 50-day moving average is $10.83 and its 200-day moving average is $12.20. The company’s market cap is $537.5 million.
Wausau Paper Corp. (NYSE:WPP) last released its earnings data on Friday, May 9th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.08. The company had revenue of $77.51 million for the quarter, compared to the consensus estimate of $81.92 million. Analysts expect that Wausau Paper Corp. will post $-0.08 EPS for the current fiscal year.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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