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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Wednesday, July 3rd will be paid a dividend of 0.03 per share on Friday, July 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Winpak Trading Up 7.2 %

Shares of TSE:WPK opened at C$45.39 on Thursday. The stock has a market capitalization of C$2.95 billion, a PE 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. The firm has a fifty day moving average price of C$40.90 and a 200 day moving average price of C$40.44. The company has a current ratio of 10.47, a quick ratio of 4.69 and a debt-to-equity ratio of 1.00.

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 analysts’ consensus estimates 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 net margin of 12.98% and a return on equity of 11.26%. Analysts expect that Winpak will post 3.1780822 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of 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 upped their price target on shares of Winpak from C$45.00 to C$49.00 and gave the company a “neutral” rating in a report on Wednesday.

About Winpak

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.