Intertape Polymer Group Inc. (TSE:ITP) declared a quarterly dividend on Friday, November 10th, Zacks reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.18 per share on Friday, December 29th. This represents a $0.72 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Intertape Polymer Group’s previous quarterly dividend of $0.14.

Intertape Polymer Group (TSE:ITP) traded up C$0.01 during mid-day trading on Friday, hitting C$21.15. The stock had a trading volume of 161,600 shares, compared to its average volume of 189,135. Intertape Polymer Group has a 52-week low of C$17.49 and a 52-week high of C$25.49.

In other news, insider Jeffrey Crystal acquired 9,500 shares of Intertape Polymer Group stock in a transaction that occurred on Thursday, September 21st. The stock was bought at an average price of C$18.54 per share, for a total transaction of C$176,130.00. In the last quarter, insiders have purchased 14,500 shares of company stock valued at $267,766.

Several research analysts have recently weighed in on the company. TD Securities decreased their price target on Intertape Polymer Group from C$28.00 to C$26.00 in a research note on Monday, August 14th. Scotiabank cut Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and decreased their price target for the stock from C$29.00 to C$26.00 in a research note on Monday, August 14th. Finally, Royal Bank Of Canada decreased their price target on Intertape Polymer Group from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Monday, August 14th.

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Intertape Polymer Group Company Profile

Intertape Polymer Group Inc, together with its subsidiaries, operates in the specialty packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin 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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