Richelieu Hardware Ltd. to Issue Quarterly Dividend of $0.15 (TSE:RCH)

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) announced a quarterly dividend on Thursday, April 24th, TickerTech Dividends reports. Shareholders of record on Thursday, May 8th will be paid a dividend of 0.1533 per share on Thursday, May 8th. This represents a $0.61 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, April 24th.

Richelieu Hardware Stock Performance

TSE:RCH traded up C$0.06 during mid-day trading on Friday, hitting C$32.50. 3,534 shares of the stock were exchanged, compared to its average volume of 92,627. The firm's 50-day simple moving average is C$34.44 and its 200 day simple moving average is C$37.50. The stock has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. Richelieu Hardware has a fifty-two week low of C$31.95 and a fifty-two week high of C$43.20. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46.

Wall Street Analyst Weigh In

Separately, CIBC raised their price target on Richelieu Hardware from C$32.00 to C$38.00 in a research report on Monday, April 14th.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada.