Canfor Pulp Products Inc Announces Quarterly Dividend of $0.06 (TSE:CFX)
Canfor Pulp Products Inc (TSE:CFX) announced a quarterly dividend on Thursday, August 3rd, TickerTech reports. Stockholders of record on Monday, August 14th will be given a dividend of 0.0625 per share on Monday, August 14th. This represents a $0.25 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 3rd.
Canfor Pulp Products (CFX) traded up 3.62% during mid-day trading on Friday, hitting $12.32. 20,973 shares of the stock traded hands. The stock has a market cap of $808.94 million and a P/E ratio of 10.68. The stock has a 50-day moving average price of $12.33 and a 200-day moving average price of $11.72. Canfor Pulp Products has a 12 month low of $9.45 and a 12 month high of $12.94.
Canfor Pulp Products (TSE:CFX) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $280.90 million for the quarter. Canfor Pulp Products had a return on equity of 19.60% and a net margin of 7.79%. On average, equities analysts forecast that Canfor Pulp Products will post $1.41 earnings per share for the current year.
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A number of equities analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Canfor Pulp Products from C$12.50 to C$12.00 and set a “sector perform” rating for the company in a research report on Thursday. CIBC cut shares of Canfor Pulp Products from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$14.00 to C$13.00 in a research report on Monday, June 5th. Raymond James Financial, Inc. increased their price objective on shares of Canfor Pulp Products from C$14.25 to C$14.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, TD Securities cut shares of Canfor Pulp Products from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$14.00 to C$13.50 in a research report on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$12.80.
Canfor Pulp Products Company Profile
Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.
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