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

Richards Packaging Income Fund (TSE:RPI.UN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.63 and traded as low as C$29.03. Richards Packaging Income Fund shares last traded at C$29.03, with a volume of 5,560 shares changing hands.

Richards Packaging Income Fund Price Performance

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 company has a 50 day simple moving average of C$30.29 and a 200-day simple moving average of C$30.63. The stock has a market cap of C$318.17 million, a price-to-earnings ratio of 8.88 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, January 31st. Richards Packaging Income Fund’s dividend payout ratio is currently 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.