Intertape Polymer Group (TSE:ITP) declared a quarterly dividend on Wednesday, March 7th, Zacks reports. Stockholders of record on Tuesday, March 20th will be given a dividend of 0.18 per share on Friday, March 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Monday, March 19th.
Shares of Intertape Polymer Group (TSE:ITP) traded up C$0.09 during trading on Wednesday, reaching C$21.69. The company had a trading volume of 35,385 shares, compared to its average volume of 164,784. Intertape Polymer Group has a 52 week low of C$17.49 and a 52 week high of C$25.41. The company has a market capitalization of $1,270.00, a price-to-earnings ratio of 13.58 and a beta of 0.76.
A number of equities analysts recently commented on ITP shares. Royal Bank of Canada increased their price target on Intertape Polymer Group from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, March 9th. Scotiabank increased their price target on Intertape Polymer Group from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th.
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Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.
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