Richards Packaging Income Fund (TSE:RPI.UN) to Issue $0.11 Monthly Dividend

Richards Packaging Income Fund (TSE:RPI.UN) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.11 per share on Friday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, November 29th.

Richards Packaging Income Fund Stock Up 2.7 %

Shares of RPI.UN stock traded up C$0.80 during mid-day trading on Wednesday, reaching C$30.11. 1,501 shares of the company’s stock traded hands, compared to its average volume of 6,918. Richards Packaging Income Fund has a 12 month low of C$27.56 and a 12 month high of C$35.65. The company has a market cap of C$330.01 million, a P/E ratio of 9.21 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The company’s 50-day moving average price is C$30.93 and its 200-day moving average price is C$30.58.

Richards Packaging Income Fund Company Profile

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.