Intertape Polymer Group (OTCMKTS:ITPOF) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.14 per share by the industrial products company on Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Thursday, June 13th. This is a positive change from Intertape Polymer Group’s previous quarterly dividend of $0.11.
Shares of OTCMKTS:ITPOF traded down $0.01 during midday trading on Friday, hitting $13.83. The stock had a trading volume of 107 shares, compared to its average volume of 115. The company has a market cap of $811.42 million, a price-to-earnings ratio of 15.20 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 2.49 and a debt-to-equity ratio of 2.10. Intertape Polymer Group has a 1 year low of $10.91 and a 1 year high of $15.06.
Intertape Polymer Group (OTCMKTS:ITPOF) last issued its earnings results on Thursday, May 9th. The industrial products company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $277.82 million for the quarter. Intertape Polymer Group had a net margin of 4.41% and a return on equity of 20.12%.
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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