Dorel Industries Inc (TSE:DII) Increases Dividend to $0.39 Per Share

Dorel Industries Inc (TSE:DII) announced a quarterly dividend on Thursday, November 2nd, Zacks reports. Shareholders of record on Thursday, November 16th will be paid a dividend of 0.387 per share on Thursday, November 30th. This represents a $1.55 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Dorel Industries’s previous quarterly dividend of $0.30.

Dorel Industries (DII) traded down C$0.11 during trading hours on Friday, hitting C$30.09. 24,134 shares of the stock were exchanged, compared to its average volume of 34,094. Dorel Industries has a twelve month low of C$28.31 and a twelve month high of C$40.85.

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Several equities analysts recently commented on DII shares. National Bank Financial reiterated a “sector perform overweight” rating on shares of Dorel Industries in a research note on Tuesday, August 8th. B. Riley reiterated a “buy” rating on shares of Dorel Industries in a research note on Friday, November 3rd.

Dorel Industries Company Profile

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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