Richards Packaging Income Fund (TSE:RPI.UN) Announces $0.11 Monthly Dividend

Richards Packaging Income Fund (TSE:RPI.UN) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.11 per share on Thursday, November 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, October 31st.

Richards Packaging Income Fund Stock Performance

Richards Packaging Income Fund stock traded up C$0.01 during mid-day trading on Wednesday, reaching C$30.81. 601 shares of the company’s stock were exchanged, compared to its average volume of 5,757. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The business’s fifty day simple moving average is C$31.24 and its 200 day simple moving average is C$30.92. Richards Packaging Income Fund has a one year low of C$27.56 and a one year high of C$36.00. The firm has a market capitalization of C$337.68 million, a PE ratio of 9.42 and a beta of 0.47.

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.