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

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

Winpak Price Performance

WPK opened at C$46.60 on Monday. Winpak has a 52-week low of C$36.95 and a 52-week high of C$48.74. The company has a 50 day moving average of C$45.74 and a two-hundred day moving average of C$43.99. The company has a market cap 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 company has a quick ratio of 4.69, a current ratio of 8.95 and a debt-to-equity ratio of 0.82.

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

Analysts Set New Price Targets

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