Sturm, Ruger & Company, Inc. (NYSE:RGR) to Issue Dividend Increase – $0.21 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be given a dividend of 0.21 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend 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 Down 1.2%

NYSE:RGR opened at $37.87 on Thursday. The business has a 50 day moving average price of $38.74 and a two-hundred day moving average price of $39.08. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The company has a market cap of $603.62 million, a P/E ratio of -51.87 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $158.06 million for the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.Sturm, Ruger & Company, Inc.’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Company Profile

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.