Sturm, Ruger & Company, Inc. (RGR) to Distribute Quarterly Dividend of $0.21 on August 28th

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Free Report) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, August 14th will be given a dividend of 0.21 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 14th. This is a 90.9% 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 0.4%per year over the last three years. Sturm, Ruger & Company, Inc. has a payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Stock Up 3.3%

Shares of Sturm, Ruger & Company, Inc. stock opened at $39.05 on Friday. The firm has a market cap of $622.50 million, a P/E ratio of 52.07 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The business has a 50-day moving average price of $38.74 and a 200 day moving average price of $39.09.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $158.06 million for the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a return on equity of 6.62% and a net margin of 2.11%.Sturm, Ruger & Company, Inc.’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

About Sturm, Ruger & Company, Inc.

(Get Free Report)

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.

Further Reading

Dividend History for Sturm, Ruger & Company, Inc. (NYSE:RGR)

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