Sturm, Ruger & Company, Inc. (NYSE:RGR) Increases Dividend to $0.24 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get 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 2.42%. The ex-dividend date is Friday, March 14th. This is an increase 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. Stock Performance

Shares of NYSE:RGR traded down $0.18 during trading on Friday, reaching $39.63. The stock had a trading volume of 266,479 shares, compared to its average volume of 141,952. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The firm's fifty day moving average is $35.59 and its 200 day moving average is $38.81. The stock has a market cap of $665.45 million, a price-to-earnings ratio of 22.39 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.47%. The business had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

About Sturm, Ruger & Company, Inc.

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.