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

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be paid 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 2.86%. The ex-dividend date is Tuesday, December 3rd.

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

Rocky Brands Trading Down 0.8 %

RCKY opened at $21.70 on Monday. The firm’s fifty day moving average is $25.90 and its two-hundred day moving average is $30.95. The firm has a market cap of $161.67 million, a PE ratio of 12.19 and a beta of 2.13. Rocky Brands has a twelve month low of $19.65 and a twelve month high of $40.14. 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 issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.77 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.22). The business had revenue of $114.55 million for the quarter. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%.

Analyst Ratings Changes

Several research firms have recently weighed in on RCKY. Robert W. Baird cut their price objective on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

About Rocky Brands

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.