Richards Packaging Income Fund

TSX:RPI.UN Stock Report

Market Cap: CA$337.4m

Richards Packaging Income Fund Dividend

Dividend criteria checks 5/6

Richards Packaging Income Fund is a dividend paying company with a current yield of 5.45% that is well covered by earnings. Next payment date is on 14th November, 2024 with an ex-dividend date of 31st October, 2024.

Key information

5.5%

Dividend yield

56%

Payout ratio

Industry average yield1.7%
Next dividend pay date14 Nov 24
Ex dividend date31 Oct 24
Dividend per shareCA$1.680
Earnings per shareCA$3.51
Future Dividend Yieldn/a

Recent dividend updates

Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Oct 24
Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Sep 24
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Jul 25
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Recent updates

Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Oct 24
Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Sep 24
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Jul 25
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

May 24
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Some May Be Optimistic About Richards Packaging Income Fund's (TSE:RPI.UN) Earnings

Mar 15
Some May Be Optimistic About Richards Packaging Income Fund's (TSE:RPI.UN) Earnings

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Feb 23
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Jan 25
Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Oct 24
Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Aug 28
Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Jul 23
Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Jun 23
Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

May 25
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Mar 24
Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11

Feb 24
Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11

Dec 22
Richards Packaging Income Fund (TSE:RPI.UN) Has Affirmed Its Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Nov 24
Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Oct 23
Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Sep 22
Richards Packaging Income Fund (TSE:RPI.UN) Has Announced A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Aug 23
Richards Packaging Income Fund (TSE:RPI.UN) Is Due To Pay A Dividend Of CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Jul 23
Richards Packaging Income Fund (TSE:RPI.UN) Is Paying Out A Dividend Of CA$0.11

Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

May 22
Richards Packaging Income Fund's (TSE:RPI.UN) Dividend Will Be CA$0.11

Richards Packaging Income Fund (TSE:RPI.UN) Has Re-Affirmed Its Dividend Of CA$0.11

Apr 22
Richards Packaging Income Fund (TSE:RPI.UN) Has Re-Affirmed Its Dividend Of CA$0.11

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: RPI.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: RPI.UN's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Richards Packaging Income Fund Dividend Yield vs Market
How does RPI.UN dividend yield compare to the market?
SegmentDividend Yield
Company (RPI.UN)5.5%
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)6.0%
Industry Average (Packaging)1.7%
Analyst forecast (RPI.UN) (up to 3 years)n/a

Notable Dividend: RPI.UN's dividend (5.45%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).

High Dividend: RPI.UN's dividend (5.45%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.4%), RPI.UN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.2%), RPI.UN's dividend payments are well covered by cash flows.


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