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

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

Richards Packaging Income Fund Stock Up 3.2 %

The company has a market cap of C$310.28 million, a PE ratio of 8.66 and a beta of 0.47. The company has a fifty day moving average of C$29.78 and a two-hundred day moving average of C$30.18. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Friday, February 28th. Richards Packaging Income Fund’s dividend payout ratio is currently 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.