Klabin S.A. (OTCMKTS:KLBAY) Plans $0.10 Dividend

Klabin S.A. (OTCMKTS:KLBAY) announced a dividend on Tuesday, November 5th, NASDAQ reports. Investors of record on Friday, November 15th will be given a dividend of 0.0995 per share by the basic materials company on Monday, December 2nd. The ex-dividend date is Friday, November 15th.

Klabin Trading Up 7.8 %

OTCMKTS:KLBAY traded up $0.56 during trading hours on Wednesday, reaching $7.78. 1,100 shares of the stock were exchanged, compared to its average volume of 5,142. Klabin has a twelve month low of $6.75 and a twelve month high of $9.33. The business has a 50-day moving average of $7.53 and a two-hundred day moving average of $7.73. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.74 and a beta of 1.12. The company has a quick ratio of 2.39, a current ratio of 2.85 and a debt-to-equity ratio of 2.89.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Klabin from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 30th.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.