Escalade, Incorporated (NASDAQ:ESCA) Increases Dividend to $0.15 Per Share

Escalade, Incorporated (NASDAQ:ESCA) announced a quarterly dividend on Friday, February 27th. Investors of record on Monday, April 6th will be paid a dividend of 0.1525 per share on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, April 6th. This is a 1.7% increase from Escalade’s previous quarterly dividend of $0.15.

Escalade has increased its dividend payment by an average of 0.0%annually over the last three years.

Escalade Trading Down 3.5%

Escalade stock traded down $0.52 during midday trading on Friday, hitting $14.40. 33,407 shares of the stock were exchanged, compared to its average volume of 13,817. The company has a current ratio of 3.30, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $14.02 and its 200 day simple moving average is $13.01. Escalade has a fifty-two week low of $11.41 and a fifty-two week high of $16.99. The stock has a market capitalization of $198.72 million, a price-to-earnings ratio of 15.82 and a beta of 0.69.

Escalade (NASDAQ:ESCA) last posted its earnings results on Friday, February 27th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. Escalade had a net margin of 5.26% and a return on equity of 7.49%. The company had revenue of $62.56 million for the quarter, compared to analyst estimates of $57.55 million. On average, equities analysts anticipate that Escalade will post 0.93 EPS for the current year.

Escalade Company Profile

Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.

Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.