Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as C$34.89 and last traded at C$34.82, with a volume of 16901 shares. The stock had previously closed at C$33.65.The newly announced dividend which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Richards Packaging Income Fund's payout ratio is currently 60.27%.
Analysts Set New Price Targets
Separately, National Bankshares set a C$43.00 price objective on Richards Packaging Income Fund and gave the company an "outperform" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$43.00.
Read Our Latest Report on RPI.UN
Richards Packaging Income Fund Trading Up 3.5%
The stock has a market capitalization of C$381.45 million, a PE ratio of 15.90 and a beta of 0.71. The firm has a 50 day moving average price of C$32.91 and a 200 day moving average price of C$30.69. 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 Company Profile
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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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