KP Tissue Inc (KPT) to Issue $0.18 Quarterly Dividend
KP Tissue Inc (TSE:KPT) declared a quarterly dividend on Wednesday, August 9th, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.18 per share on Monday, October 16th. This represents a $0.72 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, September 28th.
Shares of KP Tissue (TSE KPT) traded up 0.26% on Friday, hitting $15.20. 7,186 shares of the company traded hands. KP Tissue has a 12 month low of $13.31 and a 12 month high of $16.34. The company’s market capitalization is $139.58 million. The stock’s 50-day moving average price is $14.51 and its 200-day moving average price is $14.96.
KPT has been the subject of a number of analyst reports. TD Securities upgraded shares of KP Tissue from a “hold” rating to a “buy” rating and set a C$16.00 price objective for the company in a research report on Thursday, August 10th. Scotiabank cut their price objective on shares of KP Tissue from C$18.00 to C$17.50 and set an “outperform” rating for the company in a research report on Thursday, August 10th.
About KP Tissue
KP Tissue Inc is a Canada-based company, created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.
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