Intertape Polymer Group (TSE:ITP) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.195 per share on Monday, September 30th. This represents a $0.78 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Intertape Polymer Group’s previous quarterly dividend of $0.19.

ITP stock traded down C$0.11 during trading on Wednesday, hitting C$17.90. 66,948 shares of the company’s stock were exchanged, compared to its average volume of 144,526. The business has a 50-day moving average price of C$18.36 and a two-hundred day moving average price of C$18.38. The company has a current ratio of 2.52, a quick ratio of 1.05 and a debt-to-equity ratio of 220.25. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 28.41. Intertape Polymer Group has a 52-week low of C$14.60 and a 52-week high of C$19.97.

Intertape Polymer Group (TSE:ITP) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.04. The company had revenue of C$395.43 million during the quarter, compared to analysts’ expectations of C$395.37 million. On average, equities research analysts anticipate that Intertape Polymer Group will post 1.13 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Cormark lowered their target price on shares of Intertape Polymer Group from C$23.00 to C$21.50 in a report on Friday, August 9th. National Bank Financial increased their target price on shares of Intertape Polymer Group from C$21.50 to C$22.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets set a C$23.00 price target on shares of Intertape Polymer Group and gave the stock an “outperform” rating in a research note on Friday, June 28th.

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, protective packaging and engineered coated products, and complementary packaging systems for industrial and retail use.

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Dividend History for Intertape Polymer Group (TSE:ITP)

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