Richards Packaging Income Fund (TSE:RPI.UN) Hits New 52-Week Low – Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN) reached a new 52-week low on Wednesday . The stock traded as low as C$27.33 and last traded at C$27.60, with a volume of 6581 shares trading hands. The stock had previously closed at C$27.61.

Richards Packaging Income Fund Trading Down 2.8 %

The firm has a market cap of C$301.62 million, a P/E ratio of 8.42 and a beta of 0.47. The company’s 50 day moving average is C$29.88 and its two-hundred day moving average is C$30.22. 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 business also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Friday, February 28th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 40.37%.

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.