Deltic Timber Corporation (DEL) to Issue Quarterly Dividend of $0.10
Deltic Timber Corporation (NYSE:DEL) declared a quarterly dividend on Thursday, October 5th, RTT News reports. Shareholders of record on Monday, December 4th will be paid a dividend of 0.10 per share by the construction company on Monday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%.
Shares of Deltic Timber Corporation (NYSE DEL) traded up 0.28% on Thursday, reaching $89.18. 68,403 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $79.77 and a 200 day moving average price of $75.11. The firm has a market cap of $1.09 billion, a PE ratio of 129.25 and a beta of 0.89. Deltic Timber Corporation has a one year low of $53.21 and a one year high of $91.30.
Deltic Timber Corporation (NYSE:DEL) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share for the quarter. The firm had revenue of $55.35 million for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. Analysts expect that Deltic Timber Corporation will post $1.50 EPS for the current fiscal year.
Several research firms have recently weighed in on DEL. ValuEngine raised Deltic Timber Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. TheStreet raised Deltic Timber Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, September 28th. BidaskClub downgraded Deltic Timber Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. CIBC boosted their target price on Deltic Timber Corporation from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Finally, BTIG Research reissued a “buy” rating and set a $57.00 target price (up previously from $52.00) on shares of Deltic Timber Corporation in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.11.
Deltic Timber Corporation Company Profile
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Company’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s four real estate developments and a related country club operation, and Corporate.
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