Doman Building Materials Group Ltd. Announces Quarterly Dividend of $0.14 (TSE:DBM)

Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) announced a quarterly dividend on Wednesday, March 15th, Zacks reports. Stockholders of record on Friday, March 31st will be given a dividend of 0.14 per share on Friday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend is Thursday, March 30th.

Doman Building Materials Group Stock Performance

TSE DBM opened at C$6.75 on Friday. The business’s 50-day moving average price is C$7.20 and its 200 day moving average price is C$6.29. The company has a current ratio of 2.22, a quick ratio of 1.11 and a debt-to-equity ratio of 121.36. Doman Building Materials Group has a twelve month low of C$5.30 and a twelve month high of C$8.82. The company has a market capitalization of C$587.18 million, a PE ratio of 6.68 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DBM. CIBC upped their price objective on shares of Doman Building Materials Group from C$6.25 to C$7.25 and gave the company a “neutral” rating in a research note on Monday. Raymond James increased their price target on shares of Doman Building Materials Group from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on Doman Building Materials Group from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Monday. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$5.00 to C$6.00 in a research report on Monday. Finally, Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$6.50 to C$8.00 in a report on Monday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$7.46.

About Doman Building Materials Group

(Get Rating)

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.