Richelieu Hardware Ltd. (RCH) Hits New 52-Week High at $35.64

Richelieu Hardware Ltd. (TSE:RCH) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$35.64 and last traded at C$35.08, with a volume of 15627 shares trading hands. The stock had previously closed at C$35.10.

RCH has been the topic of a number of recent research reports. National Bank Financial boosted their target price on Richelieu Hardware from C$33.50 to C$36.00 and gave the company an “outperform” rating in a research note on Friday, October 6th. Scotiabank boosted their target price on Richelieu Hardware from C$30.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 10th.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, November 2nd were paid a $0.0567 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.23 dividend on an annualized basis and a yield of 0.64%. Richelieu Hardware’s dividend payout ratio (DPR) is currently 19.60%.

In other Richelieu Hardware news, Director Richard Lord sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of C$34.10, for a total value of C$1,023,000.00. Insiders sold 30,800 shares of company stock valued at $1,050,145 in the last ninety days.

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Richelieu Hardware Company Profile

Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s 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, window and door hardware, glass hardware and floor protection products.

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