McRae Industries (OTCMKTS:MCRAA) Issues 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 Stock Performance

Shares of McRae Industries stock opened at $52.40 on Thursday. The business’s fifty day moving average price is $49.75 and its 200 day moving average price is $48.56. McRae Industries has a twelve month low of $36.00 and a twelve month high of $52.40. The stock has a market capitalization of $99.30 million, a P/E ratio of 9.26 and a beta of 0.33.

McRae Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Wednesday, December 18th. This is a positive change from McRae Industries’s previous quarterly dividend of $0.14. McRae Industries’s dividend payout ratio (DPR) is 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.