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 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 Stock Up 0.2 %

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

Richards Packaging Income Fund Dividend Announcement

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

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.