Rocky Brands, Inc. (RCKY) to Issue Quarterly Dividend of $0.16 on March 17th

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Tuesday, February 18th, 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 2.60%. The ex-dividend date is Monday, March 3rd.

Rocky Brands has raised its dividend payment by an average of 1.7% per year over the last three years.

Rocky Brands Stock Up 1.1 %

Shares of NASDAQ RCKY traded up $0.27 on Thursday, hitting $23.88. The company had a trading volume of 16,196 shares, compared to its average volume of 36,473. Rocky Brands has a 12-month low of $19.65 and a 12-month high of $40.14. The business has a 50 day moving average of $23.66 and a two-hundred day moving average of $25.91. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $177.91 million, a P/E ratio of 13.42 and a beta of 2.10.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RCKY. Robert W. Baird dropped 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. StockNews.com lowered Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th.

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.