Winpak Ltd. (WPK) to Issue Quarterly Dividend of $0.03 on July 9th

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Tuesday, June 30th, TickerTech reports. Shareholders of record on Thursday, July 9th will be paid 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 is Tuesday, June 30th.

Shares of WPK traded up C$0.79 on Monday, hitting C$40.43. 34,045 shares of the stock traded hands, compared to its average volume of 72,651. Winpak has a 1 year low of C$33.11 and a 1 year high of C$52.65. The company has a quick ratio of 9.19, a current ratio of 11.34 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is C$43.35 and its two-hundred day moving average is C$44.87. The firm has a market capitalization of $2.92 billion and a P/E ratio of 23.99.

Winpak (TSE:WPK) last released its quarterly earnings data 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 during the quarter. Research analysts forecast that Winpak will post 1.6399999 EPS for the current year.

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