Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• The share price of Richards Packaging Income Fund (TSE:RPI.UN) recently surpassed its 50-day moving average, closing at C$33.00 with a market capitalization of C$361.68 million.
• The company announced a monthly dividend of $0.11, which translates to a 4.0% dividend yield and a payout ratio of 40.37%.
• Richards Packaging has transitioned from manufacturing glass containers for pharmacies to becoming a major North American distributor for various sectors including food and healthcare.

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$32.45 and traded as high as C$33.00. Richards Packaging Income Fund shares last traded at C$33.00, with a volume of 22,370 shares changing hands.

Richards Packaging Income Fund Price Performance

The company's 50 day moving average price is C$32.56 and its 200 day moving average price is C$30.02. The firm has a market capitalization of C$354.78 million, a P/E ratio of 9.90 and a beta of 0.47. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

Richards Packaging Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 14th were issued a $0.11 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, July 31st. Richards Packaging Income Fund's dividend payout ratio is currently 40.37%.

Richards Packaging Income Fund Company Profile

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.