Winpak Ltd. Announces Quarterly Dividend of $0.03 (TSE:WPK)

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Wednesday, July 3rd, Zacks reports. Investors of record on Friday, July 12th will be given a dividend of 0.03 per share on Friday, July 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Winpak Price Performance

TSE:WPK opened at C$44.65 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.10 and a quick ratio of 4.69. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 4.44 and a beta of 0.18. The company has a 50 day moving average price of C$44.30 and a 200-day moving average price of C$42.24. Winpak has a 1-year low of C$36.95 and a 1-year high of C$45.91.

Winpak (TSE:WPK) last posted its earnings results on Monday, April 22nd. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$373.14 million during the quarter. Winpak had a net margin of 12.96% and a return on equity of 10.82%. Equities research analysts forecast that Winpak will post 3.364751 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, CIBC boosted their price target on shares of Winpak from C$45.00 to C$49.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.