Sturm, Ruger & Company, Inc. (NYSE:RGR) Announces Dividend Increase – $0.24 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Free Report) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 2.71%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11.

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

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock opened at $35.45 on Thursday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The firm’s 50 day simple moving average is $35.53 and its 200-day simple moving average is $38.80. The company has a market cap of $595.12 million, a P/E ratio of 20.49 and a beta of 0.18.

Sturm, Ruger & Company, Inc. Company Profile

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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.

Further Reading

Dividend History for Sturm, Ruger & Company, Inc. (NYSE:RGR)

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