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Richards Packaging Income Fund (TSE:RPI.UN) Hits New 1-Year High - Time to Buy?

Richards Packaging Income Fund logo with Consumer Cyclical background

Key Points

  • Richards Packaging Income Fund shares reached a new 52-week high of C$33.84, indicating strong performance with a trading volume of 74,162 shares.
  • The company announced a monthly dividend of $0.11, reflecting a 3.9% annual yield and a payout ratio of 60.27%.
  • Richards Packaging has transformed from a glass container manufacturer to a major distributor for various sectors, including food and pharmaceuticals.
  • Interested in Richards Packaging Income Fund? Here are five stocks we like better.

Shares of Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$33.84 and last traded at C$33.84, with a volume of 74162 shares changing hands. The stock had previously closed at C$32.53.

Richards Packaging Income Fund Stock Performance

The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The company has a market cap of C$370.72 million, a price-to-earnings ratio of 15.45 and a beta of 0.71. The company has a fifty day moving average of C$32.74 and a two-hundred day moving average of C$30.29.

Richards Packaging Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 14th were given a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, July 31st. Richards Packaging Income Fund's payout ratio is presently 60.27%.

About Richards Packaging Income Fund

(Get Free Report)

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.

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