Intertape Polymer Group (TSE:ITP) announced a quarterly dividend on Friday, August 11th, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.14 per share on Friday, September 29th. This represents a $0.56 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Intertape Polymer Group’s previous quarterly dividend of $0.12.

Shares of Intertape Polymer Group (ITP) traded down 0.48% during midday trading on Friday, hitting $18.49. 263,271 shares of the stock traded hands. Intertape Polymer Group has a one year low of $18.45 and a one year high of $25.74. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $23.05. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 21.25.

In other news, Director Melbourne F. Yull sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of C$24.54, for a total value of C$1,227,000.00. Also, Director Gregory Yull sold 105,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of C$24.61, for a total transaction of C$2,584,050.00. Insiders have sold a total of 170,725 shares of company stock valued at $4,192,890 over the last three months.

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ITP has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of Intertape Polymer Group from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th. Scotiabank lowered shares of Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and reduced their target price for the company from C$29.00 to C$26.00 in a research note on Monday, August 14th. Finally, TD Securities reduced their target price on shares of Intertape Polymer Group from C$28.00 to C$26.00 in a research note on Monday, August 14th.

Intertape Polymer Group Company Profile

Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.

Dividend History for Intertape Polymer Group (TSE:ITP)

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