Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Below 200-Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.46 and traded as low as C$29.52. Richards Packaging Income Fund shares last traded at C$30.22, with a volume of 4,556 shares changing hands.

Richards Packaging Income Fund Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The company has a market capitalization of C$331.21 million, a PE ratio of 9.24 and a beta of 0.47. The company has a 50-day moving average price of C$29.73 and a two-hundred day moving average price of C$30.46.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, November 29th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is presently 40.37%.

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.