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Richelieu Hardware (TSE:RCH) declared a dividend on Thursday, January 23rd, American Banking News.com reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.1261 per share on Thursday, February 20th. The ex-dividend date of this dividend is Tuesday, February 4th.

Several analysts have recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Richelieu Hardware from C$48.00 to C$49.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. On the ratings front, analysts at NBF upgraded shares of Richelieu Hardware from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, January 24th. They now have a C$51.00 price target on the stock, up previously from C$46.00. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of Richelieu Hardware in a research note to investors on Friday, January 24th. They now have a C$51.00 price target on the stock, up previously from C$46.00.

Richelieu Hardware (TSE:RCH) opened at 43.22 on Wednesday. Richelieu Hardware has a 1-year low of $37.26 and a 1-year high of $46.21. The stock has a 50-day moving average of $43.29 and a 200-day moving average of $43.55. The company has a market cap of $881.8 million and a P/E ratio of 19.68.

Richelieu Hardware Ltd. is an importer, distributor and manufacturer of specialty hardware and related products.

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