Richards Packaging Income (RPI) Plans $0.11 Monthly Dividend

Richards Packaging Income (TSE:RPI) declared a monthly dividend on Monday, June 18th, Zacks reports. Investors of record on Friday, June 29th will be paid a dividend of 0.11 per share on Friday, July 13th. This represents a $1.32 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, June 28th.

TSE RPI traded down C$0.01 during mid-day trading on Friday, reaching C$32.99. The stock had a trading volume of 550 shares, compared to its average volume of 3,989. Richards Packaging Income has a 1 year low of C$25.52 and a 1 year high of C$34.10.

Richards Packaging Income (TSE:RPI) last announced its earnings results on Friday, May 4th. The company reported C$0.56 earnings per share for the quarter. The business had revenue of C$74.59 million during the quarter. Richards Packaging Income had a net margin of 7.06% and a return on equity of 22.82%.

About Richards Packaging Income

Richards Packaging Income Fund (the Fund) is a Canada-based open-ended, limited purpose trust. The Fund invests in packaging distribution businesses throughout North America. The Fund’s subsidiary, Richards Packaging Inc and its subsidiaries (Richards Packaging), is principally engaged in the distribution of plastic and glass containers and associated closures.

Dividend History for Richards Packaging Income (TSE:RPI)

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