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

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

Richelieu Hardware Price Performance

RCH traded down C$1.23 during trading on Friday, reaching C$36.00. 80,670 shares of the company were exchanged, compared to its average volume of 79,959. The company's 50-day moving average is C$35.00 and its two-hundred day moving average is C$35.90. The company has a market cap of C$2.00 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. Richelieu Hardware has a 12-month low of C$31.81 and a 12-month high of C$43.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RCH shares. 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 decreased their target price on Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 26th.

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.