Richelieu Hardware Ltd. (TSE:RCH) Increases Dividend to $0.15 Per Share

Richelieu Hardware Ltd. (TSE:RCH) announced a quarterly dividend on Thursday, January 30th,TickerTech Dividends reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.1533 per share on Thursday, February 13th. This represents a $0.61 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, January 30th. This is a boost from Richelieu Hardware’s previous quarterly dividend of $0.15.

Richelieu Hardware Price Performance

Shares of RCH opened at C$41.60 on Tuesday. Richelieu Hardware has a 12 month low of C$36.30 and a 12 month high of C$45.06. The company has a debt-to-equity ratio of 26.31, a current ratio of 3.46 and a quick ratio of 0.72. The stock has a fifty day moving average price of C$39.27 and a 200 day moving average price of C$39.23. The company has a market cap of C$2.32 billion, a P/E ratio of 26.00, a PEG ratio of 0.77 and a beta of 0.94.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their price target on shares of Richelieu Hardware from C$43.00 to C$42.00 in a research report on Wednesday, January 15th.

Insider Activity

In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 5,400 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total transaction of C$206,605.62. Also, Senior Officer Guy Grenier sold 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$37.54, for a total transaction of C$112,632.90. Corporate insiders own 7.62% of the company’s stock.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company’s principal 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; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.