Winpak Ltd. (WPK) to Issue Quarterly Dividend of $0.03 on January 11th

Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Wednesday, December 13th, Zacks reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.03 per share on Thursday, January 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, December 29th.

Shares of Winpak (TSE WPK) opened at C$46.57 on Thursday. Winpak has a twelve month low of C$44.54 and a twelve month high of C$61.43. The firm has a market capitalization of $3,020.00, a price-to-earnings ratio of 22.07 and a beta of 0.24.

A number of equities analysts have recently issued reports on the company. CIBC raised Winpak from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from C$58.00 to C$55.00 in a research report on Monday, September 11th. TD Securities reduced their price objective on Winpak from C$61.00 to C$51.00 and set a “hold” rating for the company in a research note on Friday, October 27th. Raymond James Financial cut Winpak from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$58.00 to C$55.00 in a research report on Friday, October 27th. Finally, GMP Securities cut Winpak from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$54.75.

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Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers flexible packaging products, such as barrier shrink bags, modified atmosphere packaging products, rollstock and specialty films, zipper stand-up pouches, and vacuum pouches.

Dividend History for Winpak (TSE:WPK)

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