Doman Building Materials Group Ltd. (TSE:DBM) to Issue $0.14 Quarterly Dividend

Doman Building Materials Group Ltd. (TSE:DBM) announced 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 of this dividend is Monday, March 31st.

Doman Building Materials Group Stock Performance

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of C$6.93 per share, with a total value of C$69,300.00. Corporate insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

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.