Richards Packaging Income Fund (TSE:RPI.UN) Sets New 12-Month Low – Should You Sell?

Shares of Richards Packaging Income Fund (TSE:RPI.UN) reached a new 52-week low on Tuesday . The company traded as low as C$26.23 and last traded at C$27.44, with a volume of 6240 shares changing hands. The stock had previously closed at C$27.44.

Richards Packaging Income Fund Trading Up 3.2 %

The stock has a fifty day moving average of C$29.78 and a 200 day moving average of C$30.18. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The company has a market capitalization of C$310.28 million, a P/E ratio of 8.66 and a beta of 0.47.

Richards Packaging Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, February 28th. Richards Packaging Income Fund’s payout ratio is currently 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.