Richelieu Hardware Ltd. (RCH) To Go Ex-Dividend on October 20th

Richelieu Hardware Ltd. (TSE:RCH) announced a quarterly dividend on Monday, October 11th, Zacks reports. Shareholders of record on Thursday, October 21st will be paid a dividend of 0.07 per share on Thursday, November 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, October 20th.

Shares of RCH traded up C$0.04 during mid-day trading on Wednesday, hitting C$42.89. The stock had a trading volume of 7,334 shares, compared to its average volume of 93,694. The firm has a market cap of C$2.39 billion and a P/E ratio of 19.87. The business has a fifty day moving average price of C$43.86 and a 200-day moving average price of C$42.67. The company has a debt-to-equity ratio of 13.57, a current ratio of 3.25 and a quick ratio of 1.33. Richelieu Hardware has a 52 week low of C$32.49 and a 52 week high of C$46.17.

Several analysts have issued reports on the company. National Bankshares boosted their target price on Richelieu Hardware from C$44.50 to C$48.00 and gave the company a “sector perform” rating in a research note on Friday, October 8th. National Bank Financial boosted their target price on Richelieu Hardware from C$44.50 to C$48.00 and gave the company a “sector perform” rating in a research note on Friday, October 8th. CIBC reiterated a “neutral” rating and issued a C$48.00 price target (up from C$45.00) on shares of Richelieu Hardware in a research report on Friday, October 8th. Finally, TD Securities lifted their price target on Richelieu Hardware from C$47.00 to C$50.00 and gave the company a “hold” rating in a research report on Friday, October 8th.

In other news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of C$41.28, for a total value of C$123,840.90. Following the completion of the transaction, the insider now directly owns 50,353 shares in the company, valued at C$2,078,586.95.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. 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, and floor protection products.

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Dividend History for Richelieu Hardware (TSE:RCH)

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