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

Key Points

• Richards Packaging Income Fund has declared a monthly dividend of $0.11 per share, contributing to an annualized dividend of $1.32 and a yield of 3.95%.
• The ex-dividend date is set for July 31, with shareholders of record receiving the dividend on August 14.
• Richards Packaging has transitioned from a manufacturer of glass containers to a major North American distributor serving sectors including food, pharmaceuticals, and health & beauty.

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Shareholders of record on Thursday, August 14th will be paid a dividend of 0.11 per share on Thursday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 31st.

Richards Packaging Income Fund Price Performance

Shares of RPI.UN stock traded up C$0.75 during trading hours on Friday, reaching C$32.75. 6,489 shares of the company were exchanged, compared to its average volume of 8,159. Richards Packaging Income Fund has a fifty-two week low of C$25.90 and a fifty-two week high of C$33.40. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The stock's fifty day moving average is C$32.00 and its two-hundred day moving average is C$29.87. The company has a market cap of C$358.94 million, a price-to-earnings ratio of 10.02 and a beta of 0.47.

About Richards Packaging Income Fund

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.