Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Richards Packaging Income Fund (TSE:RPI.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$31.52 and traded as low as C$29.25. Richards Packaging Income Fund shares last traded at C$29.40, with a volume of 9,267 shares.

Richards Packaging Income Fund Price Performance

The company’s 50-day moving average price is C$29.18 and its 200-day moving average price is C$31.52. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The company has a market cap of C$335.69 million, a P/E ratio of 15.39 and a beta of 0.65.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, December 12th were issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, November 28th. Richards Packaging Income Fund’s dividend payout ratio is 69.11%.

About Richards Packaging Income Fund

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.