Winpak Ltd. (TSE:WPK) Raises Dividend to $0.05 Per Share

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.05 per share on Friday, October 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 1st. This is a boost from Winpak’s previous quarterly dividend of $0.03.

Winpak Trading Up 1.4 %

TSE:WPK opened at C$46.60 on Monday. The firm has a market capitalization of C$2.94 billion, a P/E ratio of 15.59, a P/E/G ratio of 4.44 and a beta of 0.20. The business has a 50 day simple moving average of C$45.74 and a 200 day simple moving average of C$43.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. Winpak has a 12-month low of C$36.95 and a 12-month high of C$48.74.

Winpak (TSE:WPK) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The company had revenue of C$387.89 million during the quarter. Equities research analysts predict that Winpak will post 3.5143288 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WPK shares. CIBC raised their price target on shares of Winpak from C$49.00 to C$51.00 in a research note on Friday, July 26th. National Bank Financial upgraded Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a C$55.00 price target on Winpak and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price target on Winpak from C$46.00 to C$50.00 in a report on Friday, July 26th.

Winpak Company Profile

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.