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 Monday, April 15th, TickerTech reports. Stockholders of record on Thursday, April 25th will be given a dividend of 0.15 per share on Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, April 24th.

Richelieu Hardware Stock Down 2.1 %

Shares of TSE RCH traded down C$0.83 during mid-day trading on Wednesday, reaching C$39.36. 70,536 shares of the company traded hands, compared to its average volume of 48,769. The company has a debt-to-equity ratio of 23.05, a quick ratio of 0.72 and a current ratio of 3.62. The stock has a market cap of C$2.21 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company's fifty day moving average is C$42.87 and its two-hundred day moving average is C$43.29. Richelieu Hardware has a fifty-two week low of C$37.68 and a fifty-two week high of C$48.27.

Richelieu Hardware (TSE:RCH - Get Free Report) last issued its quarterly earnings data on Thursday, January 18th. The company reported C$0.51 EPS for the quarter, missing analysts' consensus estimates of C$0.54 by C($0.03). The company had revenue of C$453.70 million for the quarter, compared to analyst estimates of C$443.00 million. Richelieu Hardware had a net margin of 6.24% and a return on equity of 13.18%. On average, analysts expect that Richelieu Hardware will post 1.8799626 earnings per share for the current year.

Insider Transactions at Richelieu Hardware

In other news, Senior Officer Yannick Godeau sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total transaction of C$43,899.40. In other news, Senior Officer Yannick Godeau sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total transaction of C$43,899.40. Also, Senior Officer Guy Grenier sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$43.73, for a total value of C$131,198.70. 7.56% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. National Bank Financial lowered Richelieu Hardware from an "outperform market weight" rating to a "sector perform market weight" rating in a report on Thursday, January 18th. CIBC lowered their target price on Richelieu Hardware from C$46.00 to C$45.00 and set a "neutral" rating on the stock in a report on Friday, April 12th. Finally, National Bankshares lowered Richelieu Hardware from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$47.60 to C$45.50 in a report on Friday, January 19th.

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.