Canfor Pulp Products Inc (TSE:CFX) to Issue Quarterly Dividend of $0.06

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Canfor Pulp Products Inc (TSE:CFX) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Tuesday, November 5th will be paid a dividend of 0.063 per share on Tuesday, November 12th. This represents a $0.25 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, November 4th.

Shares of CFX opened at C$8.57 on Friday. The company has a current ratio of 2.28, a quick ratio of 0.87 and a debt-to-equity ratio of 9.14. The firm’s 50-day moving average is C$9.27 and its two-hundred day moving average is C$10.57. Canfor Pulp Products has a twelve month low of C$7.36 and a twelve month high of C$23.37. The firm has a market capitalization of $557.75 million and a P/E ratio of 174.90.

Canfor Pulp Products (TSE:CFX) last issued its earnings results on Wednesday, October 23rd. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.37) by C($0.13). The business had revenue of C$216.90 million for the quarter. Analysts predict that Canfor Pulp Products will post 0.9400001 EPS for the current year.

Several analysts have recently commented on CFX shares. Raymond James lowered their price target on shares of Canfor Pulp Products from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada lowered their price target on shares of Canfor Pulp Products from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. TD Securities upgraded shares of Canfor Pulp Products from a “hold” rating to a “buy” rating and increased their price target for the company from C$11.00 to C$13.00 in a research report on Tuesday, August 13th. Finally, CIBC lowered their price target on shares of Canfor Pulp Products from C$13.00 to C$11.00 in a research report on Friday, October 11th.

About Canfor Pulp Products

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in North America, Europe, Asia, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached and unbleached kraft, and coloured kraft papers.

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Dividend History for Canfor Pulp Products (TSE:CFX)

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