Doman Building Materials Group Ltd. (DBM) To Go Ex-Dividend on March 31st

Doman Building Materials Group Ltd. (TSE:DBM) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Monday, March 31st.

Doman Building Materials Group Trading Down 0.7 %

Shares of TSE DBM traded down C$0.05 during trading on Friday, hitting C$6.99. 279,328 shares of the company were exchanged, compared to its average volume of 239,431. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.96. The firm has a market capitalization of C$610.92 million, a PE ratio of 10.80 and a beta of 1.53. The company has a fifty day moving average price of C$7.43 and a 200-day moving average price of C$8.21. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Insider Transactions at Doman Building Materials Group

In other news, Director Marc Seguin purchased 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of C$6.93 per share, for a total transaction of C$69,300.00. Corporate insiders own 20.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DBM. Raymond James reduced their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. TD Securities set a C$9.50 price objective on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday. Finally, CIBC cut their target price 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Company Profile

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.