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

Richards Packaging Income Fund Stock Up 2.3%

Shares of RPI.UN traded up C$0.75 during trading hours on Friday, reaching C$32.75. 6,489 shares of the stock traded hands, compared to its average volume of 8,159. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The stock has a fifty day simple moving average of C$32.11 and a 200 day simple moving average of C$29.91. Richards Packaging Income Fund has a 52 week low of C$25.90 and a 52 week high of C$33.40. 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.