Richelieu Hardware Ltd. (TSE:RCH) Plans Quarterly Dividend of $0.15

Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Thursday, April 25th will be paid a dividend of 0.15 per share on Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Wednesday, April 24th.

Richelieu Hardware Stock Performance

Shares of RCH stock opened at C$39.18 on Tuesday. The business’s fifty day simple moving average is C$42.61 and its 200-day simple moving average is C$43.29. The company has a market cap of C$2.20 billion, a PE ratio of 19.79, a PEG ratio of 0.77 and a beta of 0.94. The company has a current ratio of 3.62, a quick ratio of 0.72 and a debt-to-equity ratio of 23.05. Richelieu Hardware has a 12-month low of C$38.58 and a 12-month high of C$48.27.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RCH shares. National Bank Financial downgraded Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, January 18th. National Bankshares downgraded Richelieu Hardware from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$47.60 to C$45.50 in a research report on Friday, January 19th. Finally, CIBC reduced their price target on Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th.

Insider Activity

In other news, Senior Officer Yannick Godeau sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total transaction of C$43,899.40. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$43.73, for a total value of C$131,198.70. Also, Senior Officer Yannick Godeau sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total transaction of C$43,899.40. Corporate insiders own 7.56% of the company’s stock.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.