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

Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Wednesday, October 30th,RTT News reports. Investors 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 yield of 1.08%. The ex-dividend date is Wednesday, November 13th.

Sturm, Ruger & Company, Inc. has decreased its dividend by an average of 5.6% per year over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.44 annual dividend with an expected future payout ratio of 13.9%.

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

NYSE RGR opened at $40.74 on Tuesday. The company has a 50-day simple moving average of $41.27 and a two-hundred day simple moving average of $42.40. Sturm, Ruger & Company, Inc. has a 12-month low of $38.13 and a 12-month high of $48.20. The firm has a market cap of $684.07 million, a price-to-earnings ratio of 23.55 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Company Profile

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.