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

Key Points

• Winpak Ltd. declared a quarterly dividend of $0.05 per share, payable on October 10th to shareholders of record as of October 1st, reflecting an annualized yield of 0.5%.
• Winpak's stock price increased by 0.3% to C$41.40, with a market capitalization of C$1.82 billion and a P/E ratio of 12.48.
• Analyst ratings for Winpak have been mixed, with recent downgrades and upgrades, impacting target prices ranging from C$48.00 to C$52.00.

Winpak Ltd. (TSE:WPK - Get Free Report) declared a quarterly dividend on Friday, August 15th, RTT News reports. Investors of record on Wednesday, October 1st will be paid a dividend of 0.05 per share on Friday, October 10th. This represents a c) annualized dividend and a dividend yield of 0.5%.

Winpak Price Performance

Shares of WPK remained flat at C$41.55 on Wednesday. 34,113 shares of the company traded hands, compared to its average volume of 58,269. The stock has a market cap of C$1.82 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 4.44 and a beta of 0.21. The firm has a 50-day moving average price of C$43.59 and a 200 day moving average price of C$42.34. Winpak has a fifty-two week low of C$37.57 and a fifty-two week high of C$51.16.

About Winpak

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.