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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.05 per share on Friday, April 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%.

Winpak Stock Down 5.8 %

Shares of TSE WPK opened at C$40.64 on Friday. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 4.44 and a beta of 0.21. Winpak has a 52-week low of C$38.81 and a 52-week high of C$51.16. The business’s 50 day moving average is C$44.54 and its two-hundred day moving average is C$46.31.

Analyst Upgrades and Downgrades

Separately, CIBC cut their target price on Winpak from C$54.00 to C$49.00 in a research report on Friday.

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.