Rocky Brands, Inc. (NASDAQ:RCKY) Plans $0.17 Quarterly Dividend

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Monday, August 17th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share by the textile maker on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st.

Rocky Brands has raised its dividend by an average of 0.0%annually over the last three years. Rocky Brands has a payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings.

Rocky Brands Price Performance

Shares of Rocky Brands stock opened at $46.68 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.12 and a current ratio of 2.97. The firm’s 50-day simple moving average is $42.81 and its 200-day simple moving average is $39.98. Rocky Brands has a twelve month low of $25.76 and a twelve month high of $53.01. The firm has a market cap of $349.63 million, a P/E ratio of 12.22 and a beta of 2.35.

Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Tuesday, July 28th. The textile maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $1.55. The business had revenue of $118.37 million for the quarter, compared to analysts’ expectations of $110.08 million. Rocky Brands had a net margin of 5.72% and a return on equity of 12.28%.

Rocky Brands Company Profile

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.