Richards Packaging Income Fund (TSE:RPI.UN) Shares Pass Above 50-Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$31.29 and traded as high as C$31.29. Richards Packaging Income Fund shares last traded at C$30.82, with a volume of 22,407 shares trading hands.

Richards Packaging Income Fund Price Performance

The company has a fifty day moving average of C$31.29 and a 200-day moving average of C$30.95. 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 stock has a market cap of C$337.79 million, a PE ratio of 9.43 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.32 annualized dividend and a dividend yield of 4.28%. Richards Packaging Income Fund’s dividend payout ratio is presently 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.