Intertape Polymer Group to Issue Quarterly Dividend of $0.14 (ITP)

Intertape Polymer Group (TSE:ITP) declared a quarterly dividend on Thursday, March 21st, TickerTech reports. Stockholders of record on Friday, March 29th will be paid a dividend of 0.14 per share on Friday, March 29th. This represents a $0.56 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 21st.

TSE ITP opened at C$18.31 on Wednesday. Intertape Polymer Group has a one year low of C$14.60 and a one year high of C$21.09. The company has a debt-to-equity ratio of 190.17, a current ratio of 2.44 and a quick ratio of 1.04. The firm has a market capitalization of $1.07 billion and a P/E ratio of 18.11.

ITP has been the subject of several recent research reports. National Bank Financial reissued an “outperform” rating and issued a C$23.00 price objective on shares of Intertape Polymer Group in a research note on Monday, December 3rd. TD Securities reissued a “buy” rating and issued a C$23.00 price objective on shares of Intertape Polymer Group in a research note on Monday, December 3rd. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$21.67.

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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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Dividend History for Intertape Polymer Group (TSE:ITP)

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