Richards Packaging Income Fund (TSE:RPI.UN) Hits New 52-Week Low – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$26.23 and last traded at C$27.44, with a volume of 6240 shares. The stock had previously closed at C$27.44.

Richards Packaging Income Fund Price Performance

The company’s 50-day moving average price is C$29.71 and its 200-day moving average price is C$30.14. 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 firm has a market cap of C$302.93 million, a price-to-earnings ratio of 8.45 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, February 28th. Richards Packaging Income Fund’s dividend payout ratio is currently 40.37%.

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.