Rocky Brands, Inc. (RCKY) to Issue Quarterly Dividend of $0.17 on June 15th

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Monday, May 18th. Investors of record on Monday, June 1st will be paid a dividend of 0.17 per share by the textile maker on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. This is a 9.7% increase from Rocky Brands’s previous quarterly dividend of $0.16.

Rocky Brands has increased its dividend by an average of 0.0%per year over the last three years. Rocky Brands has a payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Price Performance

Shares of NASDAQ RCKY opened at $38.66 on Friday. Rocky Brands has a twelve month low of $20.52 and a twelve month high of $48.70. The firm has a fifty day simple moving average of $38.82 and a 200 day simple moving average of $35.31. The company has a market capitalization of $291.54 million, a PE ratio of 15.65 and a beta of 2.39. The company has a quick ratio of 1.02, a current ratio of 2.90 and a debt-to-equity ratio of 0.45.

Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, April 28th. The textile maker reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Rocky Brands had a return on equity of 8.43% and a net margin of 3.78%.The firm had revenue of $124.40 million for the quarter, compared to the consensus estimate of $122.42 million.

About Rocky Brands

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.