Rocky Brands, Inc. (RCKY) to Issue Quarterly Dividend of $0.16 on March 16th

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.155 per share by the textile maker on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, March 2nd.

Rocky Brands has raised its dividend payment by an average of 0.0%per year over the last three years. Rocky Brands has a dividend payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 0.4%

Shares of RCKY stock opened at $33.80 on Thursday. The stock has a market cap of $253.16 million, a P/E ratio of 12.34 and a beta of 2.72. The company has a quick ratio of 0.88, a current ratio of 2.74 and a debt-to-equity ratio of 0.53. Rocky Brands has a fifty-two week low of $11.93 and a fifty-two week high of $34.61. The business has a fifty day simple moving average of $31.60 and a 200-day simple moving average of $29.85.

Hedge Funds Weigh In On Rocky Brands

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its holdings in Rocky Brands by 10.0% in the 4th quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock valued at $150,000 after buying an additional 464 shares during the period. NewEdge Advisors LLC grew its holdings in Rocky Brands by 5.4% in the fourth quarter. NewEdge Advisors LLC now owns 11,657 shares of the textile maker’s stock valued at $342,000 after purchasing an additional 598 shares during the period. First Trust Advisors LP increased its position in Rocky Brands by 2.8% during the fourth quarter. First Trust Advisors LP now owns 23,692 shares of the textile maker’s stock worth $695,000 after purchasing an additional 655 shares during the last quarter. Prudential Financial Inc. increased its position in Rocky Brands by 2.9% during the second quarter. Prudential Financial Inc. now owns 28,445 shares of the textile maker’s stock worth $631,000 after purchasing an additional 800 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in Rocky Brands by 3.3% during the fourth quarter. Aristides Capital LLC now owns 30,922 shares of the textile maker’s stock worth $907,000 after purchasing an additional 979 shares during the period. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

About Rocky Brands

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.