Canfor Pulp Products Inc (CFX) to Issue C$0.06 Quarterly Dividend

Canfor Pulp Products Inc (TSE:CFX) announced a quarterly dividend on Thursday, February 16th. Shareholders of record on Tuesday, February 28th will be paid a dividend of 0.0625 per share on Tuesday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, February 16th.

Shares of Canfor Pulp Products (TSE:CFX) opened at 10.69 on Friday. The firm’s 50-day moving average price is $10.42 and its 200-day moving average price is $10.29. The firm has a market capitalization of $713.01 million and a P/E ratio of 9.42. Canfor Pulp Products has a one year low of $9.45 and a one year high of $12.65.

Dividend History for Canfor Pulp Products (TSE:CFX)

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A number of analysts have recently issued reports on the stock. RBC Capital Markets lifted their price objective on shares of Canfor Pulp Products from C$10.00 to C$11.00 in a report on Friday. Scotiabank reaffirmed an “outperform” rating and set a C$12.50 price objective on shares of Canfor Pulp Products in a report on Thursday. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$14.25 price objective on shares of Canfor Pulp Products in a report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$11.00 price target (up from C$10.00) on shares of Canfor Pulp Products in a research note on Thursday. Finally, CIBC boosted their price target on shares of Canfor Pulp Products from C$12.00 to C$14.00 in a research note on Tuesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$12.63.

About Canfor Pulp Products

Canfor Pulp Products Inc is a Canada-based supplier of pulp and paper products with the operations based in the central interior of British Columbia. The Company operates in two segments: Pulp and Paper. The Company’s Pulp segment includes its approximately four pulp mills, such as 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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