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

Richards Packaging Income Fund (TSE:RPI.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.71 and traded as low as C$29.95. Richards Packaging Income Fund shares last traded at C$30.15, with a volume of 2,800 shares traded.

Richards Packaging Income Fund Stock Up 0.2 %

The company has a market capitalization of C$330.44 million, a PE ratio of 9.22 and a beta of 0.47. 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’s 50-day simple moving average is C$30.23 and its 200 day simple moving average is C$30.71.

Richards Packaging Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Friday, January 31st. Richards Packaging Income Fund’s dividend payout ratio (DPR) is presently 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.