Rocky Brands, Inc. (NASDAQ:RCKY) to Issue $0.16 Quarterly Dividend

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.155 per share by the textile maker on Tuesday, December 17th. This represents a $0.62 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Rocky Brands has raised its dividend payment by an average of 13.9% per year over the last three years. Rocky Brands has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Stock Up 0.6 %

Shares of Rocky Brands stock traded up $0.13 during trading hours on Wednesday, reaching $21.04. 4,556 shares of the company’s stock were exchanged, compared to its average volume of 41,149. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $27.42 and a two-hundred day moving average of $31.68. The stock has a market cap of $156.75 million, a P/E ratio of 11.75 and a beta of 2.13. Rocky Brands has a fifty-two week low of $19.65 and a fifty-two week high of $40.14.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.22). Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The company had revenue of $114.55 million for the quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.