Richards Packaging Income Fund (TSE:RPI.UN) to Issue Monthly Dividend of $0.11

Richards Packaging Income Fund (TSE:RPI.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.11 per share on Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, February 28th.

Richards Packaging Income Fund Stock Up 2.5 %

TSE:RPI.UN traded up C$0.74 during trading hours on Wednesday, reaching C$29.84. The company’s stock had a trading volume of 2,060 shares, compared to its average volume of 5,452. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The company has a market capitalization of C$327.05 million, a P/E ratio of 9.13 and a beta of 0.47. The stock has a 50 day moving average price of C$30.28 and a two-hundred day moving average price of C$30.57. Richards Packaging Income Fund has a 12 month low of C$27.56 and a 12 month high of C$34.75.

About Richards Packaging Income Fund

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.