Sturm, Ruger & Company, Inc. (NYSE:RGR) to Issue Quarterly Dividend of $0.11

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Thursday, April 30th. Investors of record on Thursday, May 14th will be paid a dividend of 0.11 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a 37.5% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08.

Sturm, Ruger & Company, Inc. has decreased its dividend by an average of 0.4%per year over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Trading Down 4.1%

Shares of Sturm, Ruger & Company, Inc. stock opened at $37.46 on Tuesday. The firm has a market capitalization of $597.03 million, a PE ratio of -51.31 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The firm’s 50-day moving average price is $40.43 and its 200 day moving average price is $37.31.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The company had revenue of $141.36 million during the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.