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

Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Thursday, January 2nd,TickerTech Dividends reports. Investors of record on Friday, January 10th will be paid 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

Shares of WPK traded down C$0.05 during mid-day trading on Tuesday, reaching C$47.73. The stock had a trading volume of 40,365 shares, compared to its average volume of 46,776. The business has a fifty day moving average of C$48.87 and a 200 day moving average of C$46.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The firm has a market cap of C$3.01 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 4.44 and a beta of 0.21. Winpak has a 12 month low of C$38.81 and a 12 month high of C$51.16.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WPK. BMO Capital Markets lifted their price objective on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th. CIBC upped their price target on shares of Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, National Bank Financial upgraded shares of Winpak to a “strong-buy” rating in a report on Wednesday, September 25th.

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.