Richards Packaging Income Fund (TSE:RPI.UN) Declares $0.11 Monthly Dividend

Richards Packaging Income Fund (TSE:RPI.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.11 per share on Friday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, February 28th.

Richards Packaging Income Fund Price Performance

RPI.UN stock traded up C$0.74 during trading on Wednesday, hitting C$29.84. The company had a trading volume of 2,060 shares, compared to its average volume of 5,452. The company has a fifty day moving average price of C$30.28 and a two-hundred day moving average price of C$30.57. Richards Packaging Income Fund has a fifty-two week low of C$27.56 and a fifty-two week high of C$34.75. The company has a market cap of C$327.05 million, a P/E ratio of 9.13 and a beta of 0.47. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16.

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.