Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Below Two Hundred Day Moving Average of $44.37

Richards Packaging Income Fund (TSE:RPI.UN – Get Rating)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.37 and traded as low as C$37.94. Richards Packaging Income Fund shares last traded at C$39.43, with a volume of 98,190 shares traded.

Richards Packaging Income Fund Price Performance

The company has a fifty day moving average of C$41.51 and a 200-day moving average of C$44.37. The firm has a market cap of C$450.29 million, a P/E ratio of 39.04 and a beta of 0.51. The company has a debt-to-equity ratio of 79.05, a current ratio of 1.93 and a quick ratio of 0.61.

Richards Packaging Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, March 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, February 27th. This represents a $1.32 annualized dividend and a yield of 3.35%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 130.69%.

About Richards Packaging Income Fund

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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.