Sturm, Ruger & Company, Inc. (NYSE:RGR) to Issue Quarterly Dividend of $0.24

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.24 per share on Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, March 14th. This is a 118.2% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11.

Sturm, Ruger & Company, Inc. has decreased its dividend by an average of 41.0% annually over the last three years.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE:RGR opened at $40.00 on Wednesday. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20. The stock has a market cap of $670.48 million, a PE ratio of 22.60 and a beta of 0.15. The stock has a 50 day moving average price of $36.75 and a 200 day moving average price of $38.62.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $145.78 million during the quarter, compared to analysts’ expectations of $137.77 million. During the same period in the prior year, the business earned $0.58 EPS. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.