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

Shares of TSE ITP traded down C$0.11 during trading on Wednesday, hitting C$17.90. 82,024 shares of the company were exchanged, compared to its average volume of 144,630. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 28.41. Intertape Polymer Group has a 1 year low of C$14.60 and a 1 year high of C$19.97. The firm’s fifty day moving average price is C$18.36 and its 200 day moving average price is C$18.38. The company has a debt-to-equity ratio of 220.25, a current ratio of 2.52 and a quick ratio of 1.05.

Intertape Polymer Group (TSE:ITP) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the Zacks’ 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, research analysts forecast that Intertape Polymer Group will post 1.13 earnings per share for the current year.

A number of analysts recently commented on ITP shares. BMO Capital Markets set a C$23.00 price objective on shares of Intertape Polymer Group and gave the stock an “outperform” rating in a report on Friday, June 28th. 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 report on Friday, August 9th. Finally, Cormark reduced their price target on shares of Intertape Polymer Group from C$23.00 to C$21.50 in a research report on Friday, August 9th.

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, 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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