Intertape Polymer Group (ITPOF) to Issue Quarterly Dividend of $0.15 on September 30th
Intertape Polymer Group (OTCMKTS:ITPOF) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.147 per share by the industrial products company on Monday, September 30th. This represents a $0.59 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, September 13th. This is an increase from Intertape Polymer Group’s previous quarterly dividend of $0.14.
Shares of ITPOF stock traded down $0.16 during trading hours on Wednesday, reaching $13.55. The company’s stock had a trading volume of 421 shares, compared to its average volume of 646. The stock has a market capitalization of $807.25 million, a P/E ratio of 15.91 and a beta of 1.26. Intertape Polymer Group has a one year low of $10.91 and a one year high of $15.06. The firm’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $13.83. The company has a current ratio of 2.52, a quick ratio of 1.17 and a debt-to-equity ratio of 2.12.
Intertape Polymer Group (OTCMKTS:ITPOF) last announced its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter. Intertape Polymer Group had a net margin of 3.47% and a return on equity of 19.21%. The company had revenue of $295.61 million for the quarter.
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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