Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below 200 Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.76 and traded as low as C$30.23. Richards Packaging Income Fund shares last traded at C$30.23, with a volume of 2,088 shares traded.

Richards Packaging Income Fund Stock Down 0.9 %

The stock has a market cap of C$331.32 million, a price-to-earnings ratio of 9.24 and a beta of 0.47. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The firm’s 50 day moving average is C$30.18 and its two-hundred day moving average is C$30.76.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, January 31st. Richards Packaging Income Fund’s dividend payout ratio is presently 40.37%.

About Richards Packaging Income Fund

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.