Rocky Brands, Inc. (NASDAQ:RCKY) to Issue Quarterly Dividend of $0.17

Rocky Brands, Inc. (NASDAQ:RCKYGet Free Report) declared a quarterly dividend on Monday, May 18th. Investors of record on Monday, June 1st will be paid a dividend of 0.17 per share by the textile maker on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a 9.7% increase from Rocky Brands’s previous quarterly dividend of $0.16.

Rocky Brands has raised its dividend payment by an average of 0.0%annually over the last three years. Rocky Brands has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings.

Rocky Brands Stock Up 1.8%

Shares of RCKY stock opened at $34.34 on Tuesday. The stock has a 50 day moving average of $39.98 and a 200 day moving average of $34.86. The company has a current ratio of 2.90, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market cap of $258.92 million, a P/E ratio of 13.90 and a beta of 2.39. Rocky Brands has a twelve month low of $20.27 and a twelve month high of $48.70.

Rocky Brands (NASDAQ:RCKYGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The textile maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $124.40 million for the quarter, compared to analysts’ expectations of $122.42 million. Rocky Brands had a net margin of 3.78% and a return on equity of 8.43%.

About Rocky Brands

(Get Free Report)

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.

See Also

Dividend History for Rocky Brands (NASDAQ:RCKY)

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