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

Richards Packaging Income Fund (TSE:RPI.UN)’s share price reached a new 52-week low during mid-day 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. The stock had previously closed at C$28.55.

Richards Packaging Income Fund Stock Down 2.3 %

The company’s fifty day moving average is C$30.19 and its 200-day moving average is C$32.58. The company has a market capitalization of C$305.67 million, a PE ratio of 9.09 and a beta of 0.44. The company has a debt-to-equity ratio of 29.59, a quick ratio of 0.61 and a current ratio of 1.65.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, May 31st. Richards Packaging Income Fund’s dividend 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.