AMMO, Inc. (NASDAQ:POWWP) Raises Dividend to $0.56 Per Share

AMMO, Inc. (NASDAQ:POWWP) announced a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Shareholders of record on Saturday, August 31st will be paid a dividend of 0.559 per share on Monday, September 16th. This represents a $2.24 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from AMMO’s previous quarterly dividend of $0.56.

AMMO Stock Performance

Shares of POWWP traded down $0.17 during midday trading on Wednesday, hitting $25.73. 155 shares of the company’s stock traded hands, compared to its average volume of 2,569. AMMO has a 1 year low of $21.91 and a 1 year high of $27.00. The firm’s fifty day moving average is $25.29 and its 200-day moving average is $25.68.

About AMMO

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.