Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.49 and traded as low as C$29.08. Richards Packaging Income Fund shares last traded at C$29.24, with a volume of 1,515 shares traded.
Richards Packaging Income Fund Price Performance
The stock has a market capitalization of C$310.50 million, a price-to-earnings ratio of 8.66 and a beta of 0.47. The company has a fifty day simple moving average of C$30.23 and a 200 day simple moving average of C$30.43. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62.
Richards Packaging Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, February 28th. Richards Packaging Income Fund's payout ratio is presently 40.37%.
Richards Packaging Income Fund Company Profile
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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.
Further Reading
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