Richelieu Hardware Ltd. (RCH) To Go Ex-Dividend on October 22nd

Richelieu Hardware Ltd. (TSE:RCH) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 5th will be given a dividend of $0.1566 per share on Thursday, November 5th. This represents a $0.63 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 22nd.

Richelieu Hardware Stock Performance

Shares of RCH stock opened at C$37.66 on Tuesday. Richelieu Hardware has a 12 month low of C$33.91 and a 12 month high of C$45.03. The firm has a market capitalization of C$2.07 billion, a P/E ratio of 22.42, a P/E/G ratio of 0.77 and a beta of 0.84. The company’s fifty day moving average price is C$36.02 and its two-hundred day moving average price is C$37.69. The company has a debt-to-equity ratio of 34.76, a current ratio of 3.23 and a quick ratio of 0.71.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings results on Thursday, October 8th. The company reported C$0.53 EPS for the quarter. Richelieu Hardware had a return on equity of 9.49% and a net margin of 4.47%. The company had revenue of C$562.00 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RCH shares. Canadian Imperial Bank of Commerce decreased their target price on Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. National Bank Financial boosted their price target on shares of Richelieu Hardware from C$38.50 to C$39.50 and gave the stock a “sector perform” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Richelieu Hardware has a consensus rating of “Hold” and an average target price of C$39.25.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.