Shares of Richards Packaging Income Fund (TSE:RPI.UN) reached a new 52-week high during 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 trading hands. The stock had previously closed at C$50.11.
The firm has a market capitalization of $553.75 million and a PE ratio of 17.20. The stock’s 50 day simple moving average is C$45.11 and its two-hundred day simple moving average is C$44.53. The company has a debt-to-equity ratio of 48.93, a quick ratio of 1.03 and a current ratio of 1.71.
The business also recently declared a monthly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 14th were given 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 dividend payout ratio (DPR) is presently 45.64%.
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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