Richelieu Hardware Ltd. to Issue Quarterly Dividend of $0.06 (RCH)
Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Wednesday, October 18th, TickerTech reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.0567 per share on Thursday, November 2nd. This represents a $0.23 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, October 18th.
Shares of Richelieu Hardware (TSE:RCH) opened at 32.87 on Friday. The firm has a 50 day moving average price of $31.41 and a 200-day moving average price of $30.60. Richelieu Hardware has a 52 week low of $24.65 and a 52 week high of $33.68. The firm has a market capitalization of $1.90 billion and a P/E ratio of 29.06.
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In other news, insider Christian Dion sold 1,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of C$31.56, for a total value of C$31,560.00. Also, insider Geneviève Quevillon sold 2,500 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of C$31.67, for a total value of C$79,175.00. Insiders sold 17,500 shares of company stock worth $560,769 over the last 90 days.
Several analysts have recently issued reports on RCH shares. Scotiabank upped their price objective on Richelieu Hardware from C$29.50 to C$30.00 and gave the company a “sector perform” rating in a research report on Friday, July 7th. National Bank Financial upped their price objective on Richelieu Hardware from C$33.50 to C$36.00 and gave the company an “outperform” rating in a research report on Friday, October 6th.
About Richelieu Hardware
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s 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, window and door hardware, glass hardware and floor protection products.
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