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

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) declared a quarterly dividend on Thursday, July 10th, RTT News reports. Shareholders of record on Thursday, July 24th will be given a dividend of 0.1533 per share on Thursday, August 7th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.70%.

Richelieu Hardware Trading Down 3.3%

Shares of RCH stock traded down C$1.23 during mid-day trading on Friday, reaching C$36.00. The stock had a trading volume of 80,670 shares, compared to its average volume of 79,959. The stock's 50-day moving average price is C$35.00 and its two-hundred day moving average price is C$35.90. Richelieu Hardware has a 52-week low of C$31.81 and a 52-week high of C$43.20. The firm has a market capitalization of C$2.00 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37.

Wall Street Analysts Forecast Growth

RCH has been the topic of several research analyst reports. CIBC boosted their price target on shares of Richelieu Hardware from C$32.00 to C$38.00 in a research report on Monday, April 14th. National Bankshares reduced their price target on shares of Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 26th.

About Richelieu Hardware

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.