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

Doman Building Materials Group Ltd. (TSE:DBM) announced a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.14 per share on Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Friday, September 27th.

Doman Building Materials Group Trading Up 1.4 %

Shares of TSE:DBM traded up C$0.10 during midday trading on Friday, reaching C$7.37. The company’s stock had a trading volume of 159,054 shares, compared to its average volume of 186,321. The firm has a market cap of C$643.33 million, a price-to-earnings ratio of 10.24 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$8.64. The business has a 50 day moving average price of C$6.96 and a 200 day moving average price of C$7.41.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The business had revenue of C$689.83 million during the quarter, compared to analysts’ expectations of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. Research analysts forecast that Doman Building Materials Group will post 0.8002232 EPS for the current year.

Analysts Set New Price Targets

DBM has been the subject of a number of recent analyst reports. National Bankshares lowered their price objective on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Royal Bank of Canada reduced their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Finally, CIBC reduced their target price on Doman Building Materials Group from C$9.00 to C$8.50 in a report on Thursday, July 18th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$9.29.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.