Sturm, Ruger & Company, Inc. (NYSE:RGR) Increases Dividend to $0.24 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.24 per share on Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 41.0% per year over the last three years.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $39.83 on Friday. The business has a 50 day moving average price of $35.53 and a two-hundred day moving average price of $38.80. The company has a market capitalization of $668.71 million, a price-to-earnings ratio of 22.50 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 1-year low of $34.11 and a 1-year high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.47% and a net margin of 5.70%. The business had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

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 under 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.