Sturm Ruger & Company Inc (NYSE:RGR) declared a quarterly dividend on Wednesday, October 31st, RTT News reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.21 per share on Friday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, November 15th.

Sturm Ruger & Company Inc has decreased its dividend by an average of 5.7% per year over the last three years. Sturm Ruger & Company Inc has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sturm Ruger & Company Inc to earn $3.66 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 23.0%.

Sturm Ruger & Company Inc stock opened at $57.57 on Wednesday. Sturm Ruger & Company Inc has a 52 week low of $43.00 and a 52 week high of $70.00. The stock has a market cap of $1.01 billion, a P/E ratio of 19.99 and a beta of 0.17.

Sturm Ruger & Company Inc (NYSE:RGR) last posted its earnings results on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.40). Sturm Ruger & Company Inc had a return on equity of 19.95% and a net margin of 9.95%. The business had revenue of $114.95 million for the quarter, compared to analysts’ expectations of $129.80 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Sturm Ruger & Company Inc’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Sturm Ruger & Company Inc will post 2.98 EPS for the current year.

Several equities analysts recently commented on RGR shares. ValuEngine upgraded Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded Sturm Ruger & Company Inc from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th.

In related news, Director Amir Rosenthal sold 3,500 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $65.00, for a total transaction of $227,500.00. Following the completion of the transaction, the director now directly owns 11,974 shares in the company, valued at $778,310. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas Patrick Sullivan sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $54.10, for a total value of $162,300.00. Following the transaction, the vice president now owns 37,810 shares of the company’s stock, valued at $2,045,521. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.

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About Sturm Ruger & Company Inc

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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

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