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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.03 per share on Friday, July 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Wednesday, July 3rd.

Winpak Price Performance

Shares of WPK traded down C$0.34 during mid-day trading on Thursday, hitting C$45.05. The company’s stock had a trading volume of 104,578 shares, compared to its average volume of 57,169. The company has a current ratio of 10.47, a quick ratio of 4.69 and a debt-to-equity ratio of 1.00. The firm has a 50-day simple moving average of C$40.90 and a 200 day simple moving average of C$40.44. The firm has a market capitalization of C$2.93 billion, a P/E ratio of 14.64, a P/E/G ratio of 4.44 and a beta of 0.19. Winpak has a 1-year low of C$36.95 and a 1-year high of C$46.74.

Winpak (TSE:WPK) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The firm had revenue of C$375.29 million during the quarter, compared to analysts’ expectations of C$384.56 million. Winpak had a return on equity of 11.26% and a net margin of 12.98%. Analysts predict that Winpak will post 3.1780822 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WPK shares. BMO Capital Markets lifted their price objective on Winpak from C$45.00 to C$46.00 and gave the stock a “market perform” rating in a report on Thursday, February 29th. CIBC lifted their price objective on Winpak from C$45.00 to C$49.00 and gave the stock a “neutral” rating in a report on Wednesday.

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.