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

Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Thursday, January 30th,TickerTech Dividends reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.1533 per share on Thursday, February 13th. This represents a $0.61 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.15.

Richelieu Hardware Trading Up 0.1 %

TSE RCH opened at C$41.60 on Tuesday. The company has a 50 day moving average price of C$39.27 and a 200 day moving average price of C$39.23. Richelieu Hardware has a 52 week low of C$36.30 and a 52 week high of C$45.06. The firm has a market cap of C$2.32 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31.

Insider Buying and Selling

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$37.54, for a total value of C$112,632.90. Also, Senior Officer Antoine Auclair sold 5,400 shares of Richelieu Hardware stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total transaction of C$206,605.62. Corporate insiders own 7.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CIBC cut their target price on Richelieu Hardware from C$43.00 to C$42.00 in a research report on Wednesday, January 15th.

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.