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

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.155 per share by the textile maker on Monday, March 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd.

Rocky Brands has increased its dividend by an average of 1.7% per year over the last three years.

Rocky Brands Price Performance

RCKY stock opened at $20.34 on Friday. The firm has a 50 day moving average price of $23.52 and a 200-day moving average price of $25.66. Rocky Brands has a 52-week low of $19.50 and a 52-week high of $40.14. The firm has a market capitalization of $151.61 million, a price-to-earnings ratio of 11.43 and a beta of 2.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%. The firm had revenue of $128.05 million for the quarter, compared to the consensus estimate of $125.44 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Saturday, February 8th.

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.