Richards Packaging Income Fund (TSE:RPI.UN) Stock Passes Below Two Hundred Day Moving Average of $41.43

Richards Packaging Income Fund (TSE:RPI.UN – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$41.43 and traded as low as C$36.00. Richards Packaging Income Fund shares last traded at C$36.01, with a volume of 2,450 shares changing hands.

Richards Packaging Income Fund Trading Up 0.0 %

The company has a debt-to-equity ratio of 63.54, a current ratio of 1.91 and a quick ratio of 0.61. The stock has a market cap of C$394.67 million, a price-to-earnings ratio of 10.98 and a beta of 0.52. The company’s fifty day moving average price is C$38.72 and its 200-day moving average price is C$41.43.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 14th. Investors of record on Tuesday, March 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 40.24%.

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.