Winpak Ltd. to Issue Quarterly Dividend of $0.03 (WPK)
Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Monday, August 20th, Zacks reports. Stockholders of record on Monday, October 1st will be paid a dividend of 0.03 per share on Thursday, October 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, September 28th.
Shares of Winpak stock opened at C$47.86 on Friday. Winpak has a 52-week low of C$42.50 and a 52-week high of C$55.97.
Winpak (TSE:WPK) last issued its quarterly earnings results on Thursday, July 26th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.04. Winpak had a net margin of 12.08% and a return on equity of 13.22%. The business had revenue of C$290.64 million for the quarter, compared to analyst estimates of C$290.30 million.
In other news, insider Kevin Mathew Byers sold 2,200 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of C$36.31, for a total transaction of C$79,882.00.
Winpak Company Profile
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.
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