Intertape Polymer Group (ITP) Announces $0.14 Quarterly Dividend

Intertape Polymer Group (TSE:ITP) announced a quarterly dividend on Wednesday, November 7th, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.14 per share on Friday, December 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, December 13th.

Shares of Intertape Polymer Group stock opened at C$16.97 on Friday. The company has a debt-to-equity ratio of 190.17, a current ratio of 2.44 and a quick ratio of 1.04. Intertape Polymer Group has a fifty-two week low of C$16.42 and a fifty-two week high of C$22.84.

Intertape Polymer Group (TSE:ITP) last announced its quarterly earnings data on Thursday, November 8th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. The business had revenue of C$364.71 million during the quarter, compared to the consensus estimate of C$354.82 million. On average, equities analysts predict that Intertape Polymer Group will post 1.15999988767724 EPS for the current fiscal year.

A number of equities analysts have issued reports on ITP shares. Royal Bank of Canada raised their price objective on shares of Intertape Polymer Group from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 15th. National Bank Financial reaffirmed an “outperform” rating and issued a C$23.00 price objective on shares of Intertape Polymer Group in a research note on Monday, December 3rd. Finally, TD Securities reaffirmed a “buy” rating and issued a C$23.00 price objective on shares of Intertape Polymer Group in a research note on Monday, December 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$21.67.

In other Intertape Polymer Group news, insider Douglas Nalette sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of C$18.03, for a total value of C$901,500.00.

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Intertape Polymer Group Company Profile

Intertape Polymer Group Inc, together with its subsidiaries, operates in the 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.

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Dividend History for Intertape Polymer Group (TSE:ITP)

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