Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Below 200-Day Moving Average - What's Next?

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.46 and traded as low as C$29.52. Richards Packaging Income Fund shares last traded at C$30.22, with a volume of 4,556 shares trading hands.

Richards Packaging Income Fund Stock Down 0.9 %

The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The firm's fifty day moving average price is C$29.72 and its 200-day moving average price is C$30.46. The company has a market cap of C$328.14 million, a price-to-earnings ratio of 9.16 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Friday, November 29th. Richards Packaging Income Fund's payout ratio is currently 40.37%.

About Richards Packaging Income Fund

Richards Packaging Income Fund, together with its subsidiaries, manufactures and distributes packaging products in Canada and the United States. It offers plastic and glass containers, and metal and plastic closures. The company also distributes various injection molded containers and packaging systems, as well as offers design and development, and logistics management services.