Shares of Richards Packaging Income Fund (TSE:RPI.UN – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.85 and traded as low as C$27.76. Richards Packaging Income Fund shares last traded at C$28.10, with a volume of 14,641 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, National Bankshares set a C$43.00 price objective on shares of Richards Packaging Income Fund and gave the stock an “outperform” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$43.00.
Read Our Latest Stock Analysis on Richards Packaging Income Fund
Richards Packaging Income Fund Stock Up 0.3%
Richards Packaging Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, December 12th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.7%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 69.11%.
Richards Packaging Income Fund Company Profile
RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.
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