Richards Packaging Income Fund (TSE:RPI.UN) Reaches New 52-Week Low at $27.78

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$27.78 and last traded at C$27.78, with a volume of 19338 shares trading hands. The stock had previously closed at C$28.55.

Richards Packaging Income Fund Trading Down 1.0 %

The business’s 50 day simple moving average is C$29.95 and its two-hundred day simple moving average is C$32.47. The company has a quick ratio of 0.61, a current ratio of 1.65 and a debt-to-equity ratio of 29.59. The stock has a market cap of C$306.55 million, a P/E ratio of 8.91 and a beta of 0.44.

Richards Packaging Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.11 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a yield of 4.72%. Richards Packaging Income Fund’s payout ratio is 42.04%.

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.