Canfor Pulp Products Inc Announces Quarterly Dividend of $0.06 (CFX)
Canfor Pulp Products Inc (TSE:CFX) announced a quarterly dividend on Tuesday, March 6th, TickerTech reports. Investors of record on Wednesday, March 14th will be given a dividend of 0.0625 per share on Wednesday, March 14th. This represents a $0.25 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, March 6th.
Shares of Canfor Pulp Products (CFX) opened at C$15.59 on Monday. The company has a market cap of $1,020.00, a P/E ratio of 10.06 and a beta of 0.58. Canfor Pulp Products has a 12 month low of C$10.95 and a 12 month high of C$15.97.
A number of analysts recently commented on CFX shares. TD Securities upgraded shares of Canfor Pulp Products from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$14.50 to C$16.00 in a research note on Monday, January 8th. CIBC upgraded shares of Canfor Pulp Products from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a research note on Friday, January 12th. Scotiabank lifted their target price on shares of Canfor Pulp Products from C$13.75 to C$14.25 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on shares of Canfor Pulp Products from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. Finally, Raymond James Financial lifted their target price on shares of Canfor Pulp Products from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Canfor Pulp Products currently has an average rating of “Buy” and an average target price of C$16.95.
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Canfor Pulp Products Inc is a supplier of pulp and paper products. The Company operates through two segments: Pulp and Paper. The Company’s Pulp segment includes its four pulp mills: the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill.
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