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

Key Points

• Winpak declared a quarterly dividend of $0.05 per share; the ex-dividend date is April 1 and shareholders of record on April 10 will be paid on April 10, implying an annualized yield of about 0.4%.
• Shares trade around C$45.14 with a market cap of C$2.65 billion and a P/E of 20.06; Winpak reported C$0.82 EPS and C$389.37 million revenue for the last quarter, and analysts hold a consensus "Hold" rating with an average target of C$51.00.

Winpak Ltd. (TSE:WPK - Get Free Report) declared a quarterly dividend on Wednesday, April 1st, TickerTech Dividends reports. Stockholders of record on Friday, April 10th will be paid a dividend of 0.05 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, April 1st.

Winpak Price Performance

WPK opened at C$45.14 on Wednesday. The company has a fifty day simple moving average of C$46.72 and a 200 day simple moving average of C$44.45. The firm has a market cap of C$2.65 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 4.44 and a beta of 0.51. Winpak has a twelve month low of C$37.74 and a twelve month high of C$52.24. The company has a current ratio of 6.34, a quick ratio of 4.69 and a debt-to-equity ratio of 1.06.

Winpak (TSE:WPK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$0.82 EPS for the quarter. The firm had revenue of C$389.37 million for the quarter. Winpak had a net margin of 12.20% and a return on equity of 10.69%. Equities research analysts expect that Winpak will post 3.5432473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. National Bank Financial boosted their price target on Winpak from C$48.00 to C$49.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 25th. BMO Capital Markets lifted their price objective on Winpak from C$47.00 to C$52.00 and gave the stock a "market perform" rating in a report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce cut Winpak from an "outperform" rating to a "hold" rating and reduced their target price for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Winpak has an average rating of "Hold" and a consensus price target of C$51.00.

Winpak Company Profile

Winpak's vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging - Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe's leading manufacturers of packaging materials.

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