Insider Selling: Richelieu Hardware Ltd. (RCH) Director Sells 30,000 Shares of Stock
Richelieu Hardware Ltd. (TSE:RCH) Director Richard Lord sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of C$34.10, for a total transaction of C$1,023,000.00.
Richelieu Hardware Ltd. (TSE:RCH) traded up C$0.56 during trading hours on Friday, hitting C$34.66. 58,136 shares of the stock traded hands.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.0567 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.23 annualized dividend and a dividend yield of 0.65%.
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Several research analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, July 7th. National Bank Financial boosted their price objective on shares of Richelieu Hardware from C$33.50 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, October 6th.
Richelieu Hardware Company Profile
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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