AMMO, Inc. (NASDAQ:POWWP – Get Free Report) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Saturday, March 1st will be given a dividend of 0.5469 per share on Monday, March 17th. This represents a $2.19 annualized dividend and a yield of 10.87%. The ex-dividend date is Friday, February 28th.
AMMO has raised its dividend payment by an average of 21.1% per year over the last three years.
AMMO Price Performance
Shares of POWWP traded down $2.35 during mid-day trading on Wednesday, reaching $20.12. 69,072 shares of the company were exchanged, compared to its average volume of 6,941. AMMO has a 52 week low of $18.20 and a 52 week high of $27.20. The business has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $22.31.
About AMMO
AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring home or personal protection, manufacturers, and law enforcement and military agencies. The company’s products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition.
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