Richelieu Hardware Ltd. (RCH) to Issue Quarterly Dividend of $0.15 on May 9th

Richelieu Hardware Ltd. (TSE:RCH) declared a quarterly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Thursday, April 25th will be paid a dividend of 0.15 per share on Thursday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, April 24th.

Richelieu Hardware Price Performance

Shares of RCH opened at C$39.63 on Monday. The firm has a market capitalization of C$2.22 billion, a PE ratio of 20.02, a PEG ratio of 0.77 and a beta of 0.94. The company’s 50-day moving average is C$42.70 and its 200-day moving average is C$43.31. Richelieu Hardware has a fifty-two week low of C$38.58 and a fifty-two week high of C$48.27. The company has a debt-to-equity ratio of 23.05, a current ratio of 3.62 and a quick ratio of 0.72.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RCH shares. National Bank Financial lowered shares of Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, January 18th. CIBC decreased their price target on shares of Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, National Bankshares downgraded shares of Richelieu Hardware from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$47.60 to C$45.50 in a research note on Friday, January 19th.

Insiders Place Their Bets

In other news, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total value of C$43,899.40. In other news, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total value of C$43,899.40. Also, Senior Officer Guy Grenier sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$43.73, for a total transaction of C$131,198.70. Corporate insiders own 7.56% of the company’s stock.

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.