Doman Building Materials Group Ltd. (TSE:DBM) to Issue Quarterly Dividend of $0.14

Doman Building Materials Group Ltd. (TSE:DBM) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.14 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, June 30th.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$11.52 on Friday. The company has a 50-day simple moving average of C$10.54 and a 200-day simple moving average of C$10.07. Doman Building Materials Group has a one year low of C$8.34 and a one year high of C$11.63. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94. The stock has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 12.52 and a beta of 1.54.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The business had revenue of C$761.97 million during the quarter. On average, analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Raymond James Financial upped their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research note on Monday, March 9th. Desjardins lifted their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. National Bank Financial upped their price target on Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$12.21.

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.