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Richelieu Hardware (TSE:RCH) declared a Quarterly dividend on Tuesday, February 4th, American Banking & Market News reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.14 per share on Thursday, February 20th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 4th.

A number of research firms have recently commented on RCH. 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 a related note, 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 43.88 on Tuesday. Richelieu Hardware has a 52-week low of $37.26 and a 52-week high of $46.21. The stock has a 50-day moving average of $43.28 and a 200-day moving average of $43.65. The company has a market cap of $895.3 million and a price-to-earnings ratio of 20.26.

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

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