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

Richelieu Hardware Ltd. (TSE:RCH) declared 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 dividend on an annualized basis and a dividend 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 Price Performance

Shares of TSE RCH opened at C$41.60 on Tuesday. 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 firm has a fifty day moving average of C$39.27 and a 200 day moving average of C$39.23. The firm has a market cap 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 one year low of C$36.30 and a one year high of C$45.06.

Analyst Ratings Changes

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

Insider Activity

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