Richards Packaging Income Fund Declares Monthly Dividend of $0.11 (TSE:RPI.UN)

Richards Packaging Income Fund (TSE:RPI.UN) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.11 per share on Thursday, November 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Thursday, October 31st.

Richards Packaging Income Fund Stock Performance

Richards Packaging Income Fund stock traded up C$0.01 during mid-day trading on Wednesday, reaching C$30.81. 601 shares of the company traded hands, compared to its average volume of 5,757. The firm’s fifty day moving average is C$31.24 and its two-hundred day moving average is C$30.92. The company has a market capitalization of C$337.68 million, a price-to-earnings ratio of 9.42 and a beta of 0.47. Richards Packaging Income Fund has a fifty-two week low of C$27.56 and a fifty-two week high of C$36.00. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

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.