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

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) 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 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. This is an increase from Richelieu Hardware's previous quarterly dividend of $0.15.

Richelieu Hardware Price Performance

Shares of RCH stock traded down C$0.85 during trading on Friday, hitting C$41.05. The company had a trading volume of 102,669 shares, compared to its average volume of 117,221. Richelieu Hardware has a 52 week low of C$36.30 and a 52 week high of C$45.06. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The stock's 50-day moving average is C$39.55 and its two-hundred day moving average is C$39.27.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Richelieu Hardware Company Profile

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.