Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.48 and traded as low as C$29.80. Richards Packaging Income Fund shares last traded at C$30.28, with a volume of 2,527 shares.

Richards Packaging Income Fund Trading Up 1.5 %

The company has a 50-day moving average price of C$29.67 and a 200-day moving average price of C$30.48. The firm has a market capitalization of C$331.87 million, a price-to-earnings ratio of 9.26 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.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.36%. 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.