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

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.05 per share on Friday, October 11th. This represents a $0.20 annualized dividend and a yield of 0.43%. The ex-dividend date is Tuesday, October 1st. This is an increase from Winpak’s previous quarterly dividend of $0.03.

Winpak Stock Performance

TSE:WPK opened at C$46.60 on Friday. The stock’s fifty day moving average is C$45.74 and its 200 day moving average is C$43.97. Winpak has a fifty-two week low of C$36.95 and a fifty-two week high of C$48.74. The firm has a market capitalization of C$2.94 billion, a PE ratio of 15.59, a PEG ratio of 4.44 and a beta of 0.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95.

Winpak (TSE:WPK) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The company had revenue of C$387.89 million for the quarter. On average, sell-side analysts anticipate that Winpak will post 3.5143288 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WPK. CIBC upped their price objective on Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th. National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday. National Bankshares set a C$55.00 price objective on Winpak and gave the company an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price objective on Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th.

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.