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Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Richards Packaging Income Fund logo with Consumer Cyclical background

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.48 and traded as low as C$29.80. Richards Packaging Income Fund shares last traded at C$30.28, with a volume of 2,527 shares changing hands.

Richards Packaging Income Fund Stock Up 0.1 %

The business's 50 day moving average price is C$29.67 and its 200-day moving average price is C$30.47. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The firm has a market capitalization of C$332.09 million, a PE ratio of 9.27 and a beta of 0.47.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Friday, November 29th. Richards Packaging Income Fund's dividend payout ratio is presently 40.37%.

About Richards Packaging Income Fund

(Get Free Report)

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.

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