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

Richards Packaging Income Fund (TSE:RPI.UN) announced a monthly dividend on Friday, September 27th, TickerTech reports. Investors of record on Friday, October 11th will be paid a dividend of 0.11 per share on Friday, October 11th. This represents a $1.32 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, September 27th.

Richards Packaging Income Fund Trading Down 0.6 %

Shares of RPI.UN opened at C$31.60 on Wednesday. Richards Packaging Income Fund has a twelve month low of C$27.56 and a twelve month high of C$36.00. The company’s fifty day simple moving average is C$31.13 and its 200-day simple moving average is C$31.18. The company has a market cap of C$346.34 million, a P/E ratio of 9.66 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.

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.