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

Richards Packaging Income Fund (TSE:RPI.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.11 per share on Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Friday, February 28th.

Richards Packaging Income Fund Stock Performance

TSE:RPI.UN traded up C$0.74 during mid-day trading on Wednesday, hitting C$29.84. 2,060 shares of the company’s stock traded hands, compared to its average volume of 5,452. The firm has a market capitalization of C$327.05 million, a price-to-earnings ratio of 9.13 and a beta of 0.47. The firm has a 50 day moving average of C$30.28 and a two-hundred day moving average of C$30.57. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. Richards Packaging Income Fund has a 12 month low of C$27.56 and a 12 month high of C$34.75.

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.