McRae Industries (OTCMKTS:MCRAA) Posts Quarterly Earnings Results

McRae Industries (OTCMKTS:MCRAA) released its earnings results on Tuesday. The company reported $0.82 earnings per share for the quarter, Zacks reports.

McRae Industries Price Performance

OTCMKTS:MCRAA opened at $52.40 on Wednesday. The company has a market cap of $99.30 million, a P/E ratio of 9.26 and a beta of 0.33. The firm’s fifty day moving average price is $49.68 and its two-hundred day moving average price is $48.53. McRae Industries has a one year low of $36.00 and a one year high of $52.40.

McRae Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This is a positive change from McRae Industries’s previous quarterly dividend of $0.14. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.34%. McRae Industries’s payout ratio is presently 9.89%.

McRae Industries Company Profile

McRae Industries, Inc manufactures and sells military combat boots for the United States Army. The company manufactures, sells, and distributes western, lifestyle, and work boots. It offers its products for men, women, and children under the Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear brand names.