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

Doman Building Materials Group Ltd. (TSE:DBM) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.14 per share on Tuesday, April 15th. This represents a $0.56 annualized dividend and a dividend yield of 8.01%. The ex-dividend date is Monday, March 31st.

Doman Building Materials Group Trading Down 0.7 %

Shares of Doman Building Materials Group stock traded down C$0.05 during trading on Friday, hitting C$6.99. The company’s stock had a trading volume of 279,328 shares, compared to its average volume of 239,431. The stock has a market cap of C$610.92 million, a price-to-earnings 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 stock has a 50-day moving average price of C$7.43 and a two-hundred day moving average price of C$8.21. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Marc Seguin acquired 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of C$6.93 per share, with a total value of C$69,300.00. 20.04% of the stock is currently owned by corporate insiders.

About Doman Building Materials Group

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.