Shares of Richards Packaging Income Fund (TSE:RPI.UN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$51.10 and last traded at C$51.00, with a volume of 1690 shares. The stock had previously closed at C$50.11.
The stock’s 50 day moving average price is C$45.11 and its 200-day moving average price is C$44.53. The company has a quick ratio of 1.03, a current ratio of 1.71 and a debt-to-equity ratio of 48.93. The stock has a market capitalization of $553.75 million and a PE ratio of 17.20.
The company also recently declared a monthly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.65%. Richards Packaging Income Fund’s payout ratio is 45.64%.
About Richards Packaging Income Fund (TSE:RPI.UN)
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.
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