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

Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Tuesday, June 30th, TickerTech reports. Stockholders of record on Thursday, July 9th will be given a dividend of 0.03 per share on Thursday, July 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, June 30th.

Shares of WPK traded down C$0.97 during mid-day trading on Monday, hitting C$39.64. 44,329 shares of the company’s stock were exchanged, compared to its average volume of 72,651. The company has a debt-to-equity ratio of 0.30, a current ratio of 11.34 and a quick ratio of 9.19. Winpak has a 52 week low of C$33.11 and a 52 week high of C$52.65. The company has a market cap of $2.92 billion and a PE ratio of 23.99. The company has a 50-day simple moving average of C$43.35 and a 200 day simple moving average of C$44.87.

Winpak (TSE:WPK) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$286.74 million for the quarter. On average, analysts anticipate that Winpak will post 1.6399999 earnings per share for the current year.

Several brokerages recently issued reports on WPK. CIBC lowered their target price on Winpak from C$49.00 to C$43.00 in a research report on Tuesday, March 31st. BMO Capital Markets dropped their target price on shares of Winpak from C$47.00 to C$46.00 in a report on Wednesday, May 6th. Royal Bank of Canada decreased their price target on Winpak from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Scotiabank boosted their price objective on Winpak from C$51.00 to C$53.00 in a research note on Wednesday, May 6th. Finally, TD Securities lifted their target price on Winpak from C$45.00 to C$48.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company operates through three segments: Rigid Packaging and Flexible Lidding, Flexible Packaging, and Packaging Machinery. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.

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Dividend History for Winpak (TSE:WPK)

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