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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Thursday, January 2nd,TickerTech Dividends reports. Stockholders 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 dividend 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 on Tuesday, hitting C$47.73. 40,365 shares of the company were exchanged, compared to its average volume of 46,776. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The firm has a market capitalization of C$3.01 billion, a PE ratio of 15.70, a P/E/G ratio of 4.44 and a beta of 0.21. The company 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 12-month low of C$38.81 and a 12-month high of C$51.16.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WPK shares. National Bankshares set a C$55.00 price objective on Winpak and gave the company an “outperform” rating in a report on Thursday, September 26th. CIBC increased their price target on Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th. National Bank Financial upgraded shares of Winpak to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets increased their target price on shares of Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th.

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.