Winpak Ltd. (TSE:WPK - Get Free Report) 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 of this dividend is Thursday, January 2nd.
Winpak Price Performance
Winpak stock traded down C$0.05 during mid-day trading on Tuesday, hitting C$47.73. 40,365 shares of the company were exchanged, compared to its average volume of 46,776. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. Winpak has a 12-month low of C$38.81 and a 12-month high of C$51.16. The business's 50 day simple moving average is C$48.88 and its two-hundred day simple moving average is C$46.62. The company has a market capitalization of C$3.01 billion, a P/E ratio of 15.70, a PEG ratio of 4.44 and a beta of 0.21.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on WPK shares. BMO Capital Markets increased their price target on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th. CIBC increased their target price on Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th. National Bank Financial raised Winpak to a "strong-buy" rating in a research note on Wednesday, September 25th. Finally, National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an "outperform" rating in a research note on Thursday, September 26th.
View Our Latest Analysis on WPK
About Winpak
(
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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.
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