Richards Packaging Income Fund (TSE:RPI.UN) Reaches New 12-Month Low – Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$26.23 and last traded at C$27.44, with a volume of 6240 shares. The stock had previously closed at C$27.44.

Richards Packaging Income Fund Stock Up 0.7 %

The business’s fifty day moving average price is C$29.71 and its 200 day moving average price is C$30.14. The firm has a market capitalization of C$302.93 million, a price-to-earnings ratio of 8.45 and a beta of 0.47. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 4.78%. Richards Packaging Income Fund’s dividend payout ratio 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.