Intertape Polymer Group (ITPOF) to Issue Quarterly Dividend of $0.11

Intertape Polymer Group (OTCMKTS:ITPOF) declared a quarterly dividend on Wednesday, November 7th, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.106 per share by the industrial products company on Friday, December 28th. This represents a $0.42 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, December 13th.

OTCMKTS:ITPOF traded down $0.02 during mid-day trading on Friday, hitting $12.96. The company had a trading volume of 101 shares, compared to its average volume of 834. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.43 and a quick ratio of 1.18. Intertape Polymer Group has a 1 year low of $12.59 and a 1 year high of $18.15. The firm has a market capitalization of $764.21 million, a PE ratio of 15.27 and a beta of 1.48.

Intertape Polymer Group (OTCMKTS:ITPOF) last released its quarterly earnings data on Thursday, November 8th. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Intertape Polymer Group had a net margin of 5.97% and a return on equity of 19.09%. The company had revenue of $279.06 million during the quarter.

Separately, ValuEngine raised Intertape Polymer Group from a “sell” rating to a “hold” rating in a research report on Friday, September 7th.

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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 (OTCMKTS:ITPOF)

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