Dorel Industries (DII) Raises Dividend to $0.40 Per Share
Dorel Industries (TSE:DII) declared a quarterly dividend on Friday, November 2nd, Zacks reports. Investors of record on Friday, November 16th will be paid a dividend of 0.395 per share on Friday, November 30th. This represents a $1.58 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Thursday, November 15th. This is a boost from Dorel Industries’s previous quarterly dividend of $0.39.
Shares of TSE DII opened at C$32.54 on Wednesday. Dorel Industries has a 52 week low of C$26.90 and a 52 week high of C$36.54.
Dorel Industries (TSE:DII) last issued its earnings results on Friday, November 2nd. The company reported C$0.44 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.07). The company had revenue of C$876.20 million for the quarter, compared to the consensus estimate of C$848.90 million.
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Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings.
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