Doman Building Materials Group Ltd. (DBM) to Issue Quarterly Dividend of $0.14 on October 13th

Doman Building Materials Group Ltd. (TSE:DBM) announced a quarterly dividend on Friday, September 15th, Zacks reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.14 per share on Friday, October 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Thursday, September 28th.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$7.17 on Friday. The business has a 50-day moving average of C$7.21 and a 200-day moving average of C$6.77. The company has a debt-to-equity ratio of 126.80, a current ratio of 3.19 and a quick ratio of 1.11. The company has a market capitalization of C$624.01 million, a price-to-earnings ratio of 10.24 and a beta of 1.55. Doman Building Materials Group has a 1 year low of C$5.30 and a 1 year high of C$8.18.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Thursday, August 3rd. The company reported C$0.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.18. The business had revenue of C$710.75 million during the quarter, compared to the consensus estimate of C$669.77 million. Doman Building Materials Group had a net margin of 2.28% and a return on equity of 10.72%. As a group, equities research analysts anticipate that Doman Building Materials Group will post 0.8054054 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DBM shares. CIBC upped their target price on Doman Building Materials Group from C$7.50 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Raymond James increased their price target on Doman Building Materials Group from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Stifel Nicolaus upgraded shares of Doman Building Materials Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$7.75 to C$9.75 in a research note on Tuesday, August 8th. Finally, National Bankshares boosted their target price on shares of Doman Building Materials Group from C$7.50 to C$8.50 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$8.42.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products for new home construction, home renovation, and industrial markets primarily in the United States and Canada. It distributes a range of building materials, lumber, and renovation products.