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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Thursday, January 2nd,TickerTech Dividends reports. Investors 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 is Thursday, January 2nd.

Winpak Stock Performance

Shares of TSE WPK traded down C$0.05 during midday trading on Tuesday, reaching C$47.73. The company had a trading volume of 40,365 shares, compared to its average volume of 46,776. Winpak has a 1 year low of C$38.81 and a 1 year high of C$51.16. The business’s 50-day simple moving average is C$48.87 and its 200 day simple moving average is C$46.61. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The stock has a market cap of C$3.01 billion, a P/E ratio of 15.70, a P/E/G ratio of 4.44 and a beta of 0.21.

Wall Street Analyst Weigh In

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