Sturm, Ruger & Company, Inc. to Issue Quarterly Dividend of $0.04 (NYSE:RGR)

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, November 17th will be given a dividend of 0.04 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 17th.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 0.0%annually over the last three years. Sturm, Ruger & Company, Inc. has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Trading Up 5.4%

NYSE:RGR opened at $43.95 on Thursday. Sturm, Ruger & Company, Inc. has a twelve month low of $31.64 and a twelve month high of $48.21. The company has a market cap of $710.32 million, a P/E ratio of 141.77 and a beta of 0.13. The company’s 50-day moving average price is $41.69 and its 200-day moving average price is $37.92.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The company had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.