Richelieu Hardware Ltd. (TSE:RCH) Declares Dividend Increase – $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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Richelieu Hardware’s previous quarterly dividend of $0.15.

Richelieu Hardware Stock Up 0.1 %

Shares of RCH opened at C$41.60 on Tuesday. The company’s 50-day moving average price is C$39.27 and its 200 day moving average price is C$39.23. Richelieu Hardware has a 12-month low of C$36.30 and a 12-month high of C$45.06. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31. The firm has a market cap of C$2.32 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Insider Activity

In other news, Senior Officer Guy Grenier sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were 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. Insiders own 7.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CIBC reduced their price target on shares of Richelieu Hardware from C$43.00 to C$42.00 in a research note 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.