Intertape Polymer Group to Issue Quarterly Dividend of $0.14 (ITP)
Intertape Polymer Group (TSE:ITP) declared 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 of this dividend is Thursday, December 13th.
ITP stock traded down C$0.51 during midday trading on Friday, hitting C$16.97. The company’s stock had a trading volume of 158,000 shares, compared to its average volume of 165,704. Intertape Polymer Group has a 12 month low of C$16.42 and a 12 month high of C$22.84. The company has a debt-to-equity ratio of 190.17, a quick ratio of 1.04 and a current ratio of 2.44.
Intertape Polymer Group (TSE:ITP) last posted its quarterly earnings results on Thursday, November 8th. The company reported C$0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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. Equities analysts predict that Intertape Polymer Group will post 1.15999988767724 EPS for the current year.
In other news, insider Douglas Nalette sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of C$18.03, for a total transaction of C$901,500.00.
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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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