Doman Building Materials Group Ltd. (DBM) to Issue Quarterly Dividend of $0.14 on April 15th

Doman Building Materials Group Ltd. (TSE:DBM) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.14 per share on Tuesday, April 15th. This represents a $0.56 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Monday, March 31st.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock traded down C$0.05 during trading on Friday, reaching C$6.99. The company’s stock had a trading volume of 279,328 shares, compared to its average volume of 239,431. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.96. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The business’s 50-day moving average price is C$7.43 and its 200-day moving average price is C$8.21. The firm has a market cap of C$610.92 million, a PE ratio of 10.80 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DBM shares. Raymond James reduced their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday. Finally, CIBC reduced their price objective on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and a consensus price target of C$10.64.

Insider Buying and Selling at Doman Building Materials Group

In related news, Director Marc Seguin bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of C$6.93 per share, for a total transaction of C$69,300.00. Company insiders own 20.04% of the company’s stock.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.