Richards Packaging Income Fund (TSE:RPI.UN) Sets New 12-Month Low at $29.28

Richards Packaging Income Fund (TSE:RPI.UN) hit a new 52-week low on Wednesday . The stock traded as low as C$29.28 and last traded at C$29.28, with a volume of 1552 shares traded. The stock had previously closed at C$29.39.

Richards Packaging Income Fund Price Performance

The stock has a market capitalization of C$318.39 million, a price-to-earnings ratio of 9.23 and a beta of 0.44. The company has a debt-to-equity ratio of 29.59, a current ratio of 1.65 and a quick ratio of 0.61. The company has a 50-day simple moving average of C$30.78 and a two-hundred day simple moving average of C$32.89.

Richards Packaging Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, May 31st. Richards Packaging Income Fund’s dividend payout ratio (DPR) 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.