Richelieu Hardware Ltd. (TSE:RCH) Raises Dividend to $0.15 Per Share

Richelieu Hardware Ltd. (TSE:RCH) announced a quarterly dividend on Thursday, January 30th,TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, January 30th. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.15.

Richelieu Hardware Price Performance

Shares of RCH stock opened at C$41.60 on Tuesday. The stock’s fifty day moving average is C$39.27 and its 200-day moving average is C$39.23. The company has a debt-to-equity ratio of 26.31, a quick ratio of 0.72 and a current ratio of 3.46. The stock has a market capitalization of C$2.32 billion, a PE ratio of 26.00, a PEG ratio of 0.77 and a beta of 0.94. Richelieu Hardware has a 52 week low of C$36.30 and a 52 week high of C$45.06.

Wall Street Analyst Weigh In

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

Insider Activity

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

About Richelieu Hardware

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.