RPC was a fairly recent addition to my portfolio - only added in mid 2012.
Yesterday they issued full year results for the 12m to 31st March 2013. Due to a variety of factors - higher polymer prices, adverse movement in exchange rates etc.- sales and profits were down on the previous year and debt had increased. The proposed full year dividend will increase by 3.5% to 14.9p providing a forward yield of around 3.6%.
Most of the groups operation is focussed on Europe and I’m sure RPC will do well when the Eurozone recovers but this could be some way off yet.
I was not particularly impressed by these results and have decided to sell into the rising share price. The proceeds have been used towards the purchase of the Vanguard All World High Dividend ETF.