Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.83 and traded as low as C$29.88. Richards Packaging Income Fund shares last traded at C$29.97, with a volume of 13,127 shares trading hands.

Richards Packaging Income Fund Price Performance

The company’s 50 day moving average price is C$31.06 and its 200-day moving average price is C$30.80. The stock has a market cap of C$328.80 million, a P/E ratio of 9.17 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 14th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, October 31st. Richards Packaging Income Fund’s payout ratio is 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.