Winpak Ltd. to Issue Quarterly Dividend of $0.05 (TSE:WPK)

Winpak Ltd. (TSE:WPK) announced a quarterly dividend on Thursday, July 2nd, TickerTech Dividends reports. Investors of record on Friday, July 10th will be paid a dividend of 0.05 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, July 2nd.

Winpak Trading Up 0.6%

WPK traded up C$0.27 during trading on Tuesday, reaching C$43.42. The stock had a trading volume of 53,256 shares, compared to its average volume of 72,949. The stock’s 50 day moving average is C$41.08 and its two-hundred day moving average is C$44.15. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 4.44 and a beta of 0.47. Winpak has a one year low of C$38.95 and a one year high of C$52.24.

Winpak (TSE:WPK) last announced its earnings results on Wednesday, April 29th. The company reported C$0.74 EPS for the quarter. The firm had revenue of C$389.30 million for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. On average, equities research analysts predict that Winpak will post 3.5432473 earnings per share for the current year.

Insider Buying and Selling

In other Winpak news, insider Scott Mckenzie Taylor acquired 1,650 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the completion of the purchase, the insider directly owned 4,400 shares of the company’s stock, valued at approximately C$177,584. The trade was a 60.00% increase in their position. 57.46% of the stock is owned by insiders.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.