Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Above Fifty Day Moving Average - Here's Why

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$31.12 and traded as high as C$32.90. Richards Packaging Income Fund shares last traded at C$32.89, with a volume of 374 shares changing hands.

Richards Packaging Income Fund Stock Down 0.5%

The business's 50-day moving average price is C$31.33 and its 200-day moving average price is C$29.72. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The firm has a market capitalization of C$359.49 million, a PE ratio of 10.03 and a beta of 0.47.

Richards Packaging Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.32 annualized dividend and a yield of 4.02%. Richards Packaging Income Fund's dividend payout ratio (DPR) is presently 40.37%.

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.