Shares of Richards Packaging Income Fund (TSE:RPI.UN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$47.00 and last traded at C$46.62, with a volume of 1214 shares changing hands. The stock had previously closed at C$46.49.
The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 56.70. The firm has a market capitalization of $522.08 million and a price-to-earnings ratio of 19.55. The company has a 50-day moving average of C$42.58 and a 200-day moving average of C$41.82.
The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, November 26th. Richards Packaging Income Fund’s dividend payout ratio is currently 55.35%.
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.
Further Reading: Neutral Rating
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