Intertape Polymer Group (ITPOF) Plans Quarterly Dividend of $0.11

Intertape Polymer Group (OTCMKTS:ITPOF) declared a quarterly dividend on Wednesday, November 7th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.106 per share by the industrial products company on Friday, December 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, December 13th.

ITPOF stock opened at $12.96 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.43 and a quick ratio of 1.18. Intertape Polymer Group has a 12 month low of $12.59 and a 12 month high of $18.15. The company has a market capitalization of $764.21 million, a PE ratio of 15.27 and a beta of 1.48.

Intertape Polymer Group (OTCMKTS:ITPOF) last announced its earnings results on Thursday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Intertape Polymer Group had a net margin of 5.97% and a return on equity of 19.09%. The company had revenue of $279.06 million for the quarter.

Separately, ValuEngine upgraded shares of Intertape Polymer Group from a “sell” rating to a “hold” rating in a report on Friday, September 7th.

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About Intertape Polymer Group

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 (OTCMKTS:ITPOF)

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