Rocky Brands, Inc. (NASDAQ:RCKY) Announces Quarterly Dividend of $0.16

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.155 per share by the textile maker on Monday, March 17th. This represents a $0.62 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, March 3rd.

Rocky Brands has increased its dividend by an average of 1.7% annually over the last three years.

Rocky Brands Trading Down 1.8 %

Shares of RCKY stock opened at $23.61 on Thursday. The stock has a market capitalization of $175.89 million, a price-to-earnings ratio of 13.26 and a beta of 2.10. The company’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $25.91. Rocky Brands has a 1 year low of $19.65 and a 1 year high of $40.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RCKY. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a report on Saturday, February 8th. Robert W. Baird decreased their price target on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.