Richelieu Hardware (RCH) Reaches New 12-Month Low at $25.87
Shares of Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week low on Thursday . The company traded as low as C$25.87 and last traded at C$25.91, with a volume of 40889 shares trading hands. The stock had previously closed at C$26.36.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, November 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, October 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.93%.
In related news, insider Guy Grenier sold 8,000 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of C$30.40, for a total transaction of C$243,200.00.
Richelieu Hardware Ltd. imports, distributes, and manufactures 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, and floor protection products.
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