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

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, October 30th, RTT News reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.11 per share on Wednesday, November 27th. This represents a $0.44 annualized dividend and a dividend yield of 1.08%.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 5.6% per year over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sturm, Ruger & Company, Inc. to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 24.0%.

Sturm, Ruger & Company, Inc. Trading Down 0.8 %

Sturm, Ruger & Company, Inc. stock traded down $0.32 during trading on Wednesday, reaching $40.83. The company had a trading volume of 160,247 shares, compared to its average volume of 144,664. The firm has a market capitalization of $687.99 million, a price-to-earnings ratio of 21.99 and a beta of 0.16. The firm’s 50-day simple moving average is $41.50 and its 200 day simple moving average is $42.71. Sturm, Ruger & Company, Inc. has a 52 week low of $40.21 and a 52 week high of $55.58.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). The company had revenue of $130.76 million during the quarter, compared to analysts’ expectations of $137.60 million. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current year.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.