Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Above 50 Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$31.29 and traded as high as C$31.29. Richards Packaging Income Fund shares last traded at C$30.82, with a volume of 22,407 shares traded.

Richards Packaging Income Fund Trading Up 0.0 %

The stock has a market cap of C$337.68 million, a PE ratio of 9.42 and a beta of 0.47. The business has a 50-day moving average of C$31.24 and a 200 day moving average of C$30.92. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62.

Richards Packaging Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 14th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, October 31st. Richards Packaging Income Fund’s dividend payout ratio is presently 40.37%.

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.