Dorel Industries Inc (DIIBF) Declares $0.30 Quarterly Dividend

Dorel Industries Inc (OTCMKTS:DIIBF) announced a quarterly dividend on Friday, November 2nd, Zacks reports. Investors of record on Friday, November 16th will be given a dividend of 0.30 per share on Friday, November 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Thursday, November 15th.

Dorel Industries stock opened at $15.05 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 0.85. Dorel Industries has a 52 week low of $14.79 and a 52 week high of $26.19. The stock has a market cap of $497.91 million, a P/E ratio of 10.10 and a beta of 1.13.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings results on Friday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). Dorel Industries had a negative net margin of 0.13% and a positive return on equity of 4.61%. The company had revenue of $670.44 million during the quarter.

A number of research analysts have issued reports on the company. ValuEngine raised Dorel Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. TD Securities raised Dorel Industries from a “hold” rating to a “buy” rating in a report on Monday, November 5th.

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Dorel Industries Company Profile

Dorel Industries Inc designs, manufactures, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company operates through three segments: Dorel Juvenile, Dorel Sports, and Dorel Home. The Dorel Juvenile segment engages in the design, sourcing, manufacturing, distribution, and retail of children's accessories, which include infant car seats, strollers, high chairs, and infant health and safety aids.

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Dividend History for Dorel Industries (OTCMKTS:DIIBF)

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