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 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, December 29th.
Winpak (TSE:WPK) opened at C$46.16 on Friday. Winpak has a 1-year low of C$44.54 and a 1-year high of C$61.43. The company has a market cap of $2,970.00, a price-to-earnings ratio of 21.57 and a beta of 0.24.
Several research firms have issued reports on WPK. CIBC lowered shares of Winpak from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$55.00 to C$53.00 in a research report on Friday, October 27th. GMP Securities lowered shares of Winpak from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Raymond James Financial lowered shares of Winpak from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$58.00 to C$55.00 in a research report on Friday, October 27th. Finally, TD Securities dropped their price objective on shares of Winpak from C$61.00 to C$51.00 and set a “hold” rating on the stock in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$54.75.
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.
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