Rocky Brands, Inc. (RCKY) to Issue Quarterly Dividend of $0.16 on March 16th

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.155 per share by the textile maker on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd.

Rocky Brands has raised its dividend payment by an average of 0.0%per year over the last three years. Rocky Brands has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 5.3%

RCKY traded down $2.55 on Friday, hitting $45.20. 77,087 shares of the company were exchanged, compared to its average volume of 48,093. The stock has a market capitalization of $338.55 million, a PE ratio of 15.27 and a beta of 2.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 2.74. Rocky Brands has a 12 month low of $11.93 and a 12 month high of $48.70. The firm has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $30.42.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.46. The business had revenue of $139.72 million during the quarter, compared to analysts’ expectations of $134.05 million. Rocky Brands had a net margin of 4.62% and a return on equity of 10.20%.

Rocky Brands Company Profile

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.