Richelieu Hardware Ltd. (RCH) to Issue Quarterly Dividend of $0.15 on August 8th

Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Thursday, July 25th, TickerTech reports. Stockholders of record on Thursday, August 8th will be paid a dividend of 0.15 per share on Thursday, August 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, July 25th.

Richelieu Hardware Stock Performance

Shares of TSE:RCH opened at C$40.45 on Tuesday. The firm has a market cap of C$2.27 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. The firm’s 50 day simple moving average is C$39.48 and its 200-day simple moving average is C$41.52. Richelieu Hardware has a one year low of C$37.39 and a one year high of C$48.27. The company has a debt-to-equity ratio of 27.08, a quick ratio of 0.72 and a current ratio of 3.66.

Richelieu Hardware (TSE:RCH) last issued its earnings results on Thursday, July 11th. The company reported C$0.42 EPS for the quarter, hitting analysts’ consensus estimates of C$0.42. Richelieu Hardware had a net margin of 5.82% and a return on equity of 12.18%. The business had revenue of C$481.43 million for the quarter, compared to analyst estimates of C$481.90 million. As a group, equities analysts predict that Richelieu Hardware will post 1.7984425 EPS for the current year.

Analyst Ratings Changes

RCH has been the topic of a number of recent research reports. CIBC dropped their price objective on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. National Bankshares set a C$45.50 target price on shares of Richelieu Hardware and gave the company a “sector perform” rating in a research note on Tuesday, June 18th.

Insider Buying and Selling

In other Richelieu Hardware news, Director Marc Poulin sold 3,000 shares of Richelieu Hardware stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total value of C$118,000.20. In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 2,100 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of C$39.71, for a total value of C$83,393.94. Also, Director Marc Poulin sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$39.33, for a total transaction of C$118,000.20. Insiders sold a total of 11,100 shares of company stock valued at $437,395 over the last 90 days. Insiders own 7.59% 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.