Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Richards Packaging Income Fund Stock Up 0.2 %

The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The stock has a market capitalization of C$320.47 million, a P/E ratio of 8.94 and a beta of 0.47. The firm has a 50 day moving average of C$30.28 and a 200-day moving average of C$30.49.

Richards Packaging Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, February 28th. This represents a $1.32 annualized dividend and a yield of 4.51%. Richards Packaging Income Fund’s dividend payout ratio is 40.37%.

Richards Packaging Income Fund Company Profile

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.