Latest news with #RichardsPackagingIncomeFund
Cision Canada
a day ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trade Resumption - RPI.UN Français
TORONTO, /CNW/ - Trading resumes in: Company: Richards Packaging Income Fund TSX Symbol: All Issues: Yes Resumption (ET): 9:30 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Cision Canada
a day ago
- Business
- Cision Canada
Richards Packaging Income Fund announces acquisition of DermapenWorld®
TORONTO, June 2, 2025 /CNW/ - Richards Packaging Income Fund (TSX: (the "Fund") announces today a strategic acquisition to add to its healthcare line up. The Fund, through its subsidiaries Richards Health Group Pte. Ltd. and Richards Packaging Holdings US Inc., has acquired all of the outstanding shares and assets of the DermapenWorld Group of Companies ("DermapenWorld ®"), an Australian based leading global provider of microneedling devices and dermatological cosmetics. The purchase price of US$40.0 million ($55.0 million) was financed by a US$36.3 million ($49.9 million) draw down on a new term credit facility and a US$3.7 million ($5.1 million) holdback from the vendor. This purchase price is subject to additional consideration contingent on DermapenWorld's future earnings through 2025 and 2026. "After years acting as the Canadian distributor for the DermapenWorld ® product line, we are pleased to be fully joining forces within the Richards Healthcare portfolio. The global strength of the DermapenWorld ® brand and product line is complemented by our organically developed Luvo line and the recently acquired WorldPRP ®. We look forward to working together with the team in Sydney and around the world to grow together in the coming years." commented John Glynn, CEO of Richards Packaging NewPoint Capital Partners acted as M&A advisor to the Fund. About Richards Packaging Income Fund The Fund owns Richards Packaging Inc. ("Richards Packaging"), which since 1912 has served a wide customer base throughout North America comprised of over 18,000 regional food, beverage, healthcare, cosmetics, and other enterprises. About The DermapenWorld ® Group of Companies DermapenWorld ® is a leading global provider of microneedling devices and dermatologic cosmetics, primarily targeting the aesthetic medicine industry. The company has a long history of specialized development of microneedling products and a more recent move into cosmetics that complement the core microneedling treatments. The company sells globally through a network of third-party distributors. SOURCE Richards Packaging Inc.
Cision Canada
a day ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - RPI.UN Français
TORONTO, /CNW/ - The following issues have been halted by CIRO: Company: Richards Packaging Income Fund TSX Symbol: All Issues: Yes Reason: Pending News Halt Time (ET): 8:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Yahoo
25-05-2025
- Business
- Yahoo
Is It Smart To Buy Richards Packaging Income Fund (TSE:RPI.UN) Before It Goes Ex-Dividend?
Richards Packaging Income Fund (TSE: is about to trade ex-dividend in the next 4 days. The ex-dividend date is two business days before a company's record date in most cases, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase Richards Packaging Income Fund's shares before the 30th of May in order to receive the dividend, which the company will pay on the 13th of June. The company's next dividend payment will be CA$0.11 per share, on the back of last year when the company paid a total of CA$1.32 to shareholders. Last year's total dividend payments show that Richards Packaging Income Fund has a trailing yield of 4.5% on the current share price of CA$29.60. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Richards Packaging Income Fund has been able to grow its dividends, or if the dividend might be cut. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Richards Packaging Income Fund's payout ratio is modest, at just 45% of profit. A useful secondary check can be to evaluate whether Richards Packaging Income Fund generated enough free cash flow to afford its dividend. Thankfully its dividend payments took up just 29% of the free cash flow it generated, which is a comfortable payout ratio. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. View our latest analysis for Richards Packaging Income Fund Click here to see how much of its profit Richards Packaging Income Fund paid out over the last 12 months. Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at Richards Packaging Income Fund, with earnings per share up 8.5% on average over the last five years. Management have been reinvested more than half of the company's earnings within the business, and the company has been able to grow earnings with this retained capital. We think this is generally an attractive combination, as dividends can grow through a combination of earnings growth and or a higher payout ratio over time. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Richards Packaging Income Fund has lifted its dividend by approximately 4.1% a year on average. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders. Has Richards Packaging Income Fund got what it takes to maintain its dividend payments? Earnings per share growth has been growing somewhat, and Richards Packaging Income Fund is paying out less than half its earnings and cash flow as dividends. This is interesting for a few reasons, as it suggests management may be reinvesting heavily in the business, but it also provides room to increase the dividend in time. It might be nice to see earnings growing faster, but Richards Packaging Income Fund is being conservative with its dividend payouts and could still perform reasonably over the long run. Overall we think this is an attractive combination and worthy of further research. So while Richards Packaging Income Fund looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example, we've found 1 warning sign for Richards Packaging Income Fund that we recommend you consider before investing in the business. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Cision Canada
20-05-2025
- Business
- Cision Canada
RICHARDS PACKAGING INCOME FUND ANNOUNCES MAY 2025 DISTRIBUTION
TORONTO, May 20, 2025 /CNW/ - Richards Packaging Income Fund (TSX: (the "Fund") announced today its cash distribution for the month ended May 31, 2025 of Cdn$0.11 per unit. This distribution will be to unitholders of record at the close of business on May 30, 2025 and will be payable on June 13, 2025. Unitholders who are non-residents of Canada may be required to pay all withholding taxes payable in respect of any distributions of income by the Fund, whether such distributions are in the form of cash or additional units. About Richards Packaging Income Fund The Fund owns Richards Packaging Inc. which since 1912 has served a wide customer base throughout North America comprised of over 18,000 regional food, beverage, cosmetics, healthcare, and other enterprises. SOURCE Richards Packaging Inc.
