Rocky Brands, Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:RCKY)

Rocky Brands, Inc. (NASDAQ:RCKY - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.155 per share by the textile maker on Monday, March 17th. This represents a $0.62 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, March 3rd.

Rocky Brands has increased its dividend by an average of 1.7% annually over the last three years.

Rocky Brands Stock Performance

Shares of RCKY traded down $0.79 during trading hours on Friday, hitting $23.09. The stock had a trading volume of 36,848 shares, compared to its average volume of 36,484. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. Rocky Brands has a 12 month low of $19.65 and a 12 month high of $40.14. The firm has a market capitalization of $172.02 million, a PE ratio of 12.97 and a beta of 2.10. The stock has a fifty day moving average price of $23.66 and a 200 day moving average price of $25.87.

Analyst Ratings Changes

Several research firms have issued reports on RCKY. StockNews.com lowered Rocky Brands from a "buy" rating to a "hold" rating in a report on Saturday, February 8th. Robert W. Baird cut their price target on Rocky Brands from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, October 31st.

Rocky Brands Company Profile

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.