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. 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.

TSE:WPK traded up C$0.79 on Monday, reaching C$40.43. 34,045 shares of the stock traded hands, compared to its average volume of 72,651. The company has a market capitalization of $2.92 billion and a price-to-earnings ratio of 23.99. The company has a current ratio of 11.34, a quick ratio of 9.19 and a debt-to-equity ratio of 0.30. Winpak has a 12 month low of C$33.11 and a 12 month high of C$52.65. The company’s fifty day simple moving average is C$43.35 and its 200 day simple moving average is C$44.87.

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

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