Richelieu Hardware Ltd. (RCH) to Distribute Quarterly Dividend of $0.15 on August 7th

Richelieu Hardware Ltd. (TSE:RCH) declared 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 Stock Down 3.3%

Shares of Richelieu Hardware stock opened at C$36.00 on Friday. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46. The stock 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. Richelieu Hardware has a 52-week low of C$31.81 and a 52-week high of C$43.20. The company has a 50-day simple moving average of C$35.00 and a two-hundred day simple moving average of C$35.92.

Analysts Set New Price Targets

RCH has been the subject of a number of recent research reports. National Bankshares dropped their price objective on shares of Richelieu Hardware from C$37.50 to C$37.00 and set a “sector perform” rating for the company in a research note on Thursday, June 26th. CIBC raised their target price on shares of Richelieu Hardware from C$32.00 to C$38.00 in a 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.