Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Shares of Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$27.52 and traded as high as C$29.00. Richards Packaging Income Fund shares last traded at C$29.00, with a volume of 300 shares traded.

Richards Packaging Income Fund Stock Up 0.3%

The company has a fifty day moving average price of C$27.65 and a 200-day moving average price of C$29.05. 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 stock has a market capitalization of C$324.42 million, a P/E ratio of 9.05 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.32 annualized dividend and a dividend yield of 4.46%. Richards Packaging Income Fund's dividend payout ratio (DPR) is presently 40.37%.

Richards Packaging Income Fund Company Profile

Richards Packaging Income Fund, together with its subsidiaries, manufactures and distributes packaging products in Canada and the United States. It offers plastic and glass containers, and metal and plastic closures. The company also distributes various injection molded containers and packaging systems, as well as offers design and development, and logistics management services.