Winpak Ltd. to Issue Quarterly Dividend of $0.05 (TSE:WPK)

Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Thursday, January 2nd,TickerTech Dividends reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.05 per share on Friday, January 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, January 2nd.

Winpak Trading Down 0.1 %

Shares of TSE:WPK traded down C$0.05 during trading hours on Tuesday, hitting C$47.73. 40,365 shares of the company’s stock traded hands, compared to its average volume of 46,776. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. The business has a fifty day moving average price of C$48.87 and a 200-day moving average price of C$46.61. Winpak has a 1 year low of C$38.81 and a 1 year high of C$51.16. The firm has a market capitalization of C$3.01 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21.

Analysts Set New Price Targets

WPK has been the topic of several research analyst reports. National Bankshares set a C$55.00 price objective on Winpak and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. Finally, CIBC increased their target price on shares of Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th.

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.