Richelieu Hardware Ltd. (RCH) To Go Ex-Dividend on July 23rd

Richelieu Hardware Ltd. (TSE:RCH) announced a quarterly dividend on Thursday, July 23rd, TickerTech Dividends reports. Stockholders of record on Friday, August 7th will be given a dividend of 0.1566 per share on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 23rd.

Richelieu Hardware Stock Down 1.8%

RCH stock opened at C$35.64 on Tuesday. Richelieu Hardware has a 12 month low of C$32.54 and a 12 month high of C$45.03. The company has a current ratio of 3.04, a quick ratio of 0.71 and a debt-to-equity ratio of 31.32. The stock has a market capitalization of C$1.95 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. The firm has a 50-day moving average price of C$38.92 and a 200-day moving average price of C$40.53.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings results on Thursday, July 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. Richelieu Hardware had a net margin of 4.34% and a return on equity of 9.04%. The company had revenue of C$532.05 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RCH shares. National Bank Financial cut their target price on Richelieu Hardware from C$41.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$38.50.

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. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.