McRae Industries (OTCMKTS:MCRAA) Posts Earnings Results

McRae Industries (OTCMKTS:MCRAA) released its quarterly earnings results on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, Zacks reports.

McRae Industries Stock Performance

Shares of MCRAA opened at $52.40 on Thursday. The stock’s 50 day moving average is $49.75 and its two-hundred day moving average is $48.56. The firm has a market capitalization of $99.30 million, a PE ratio of 9.26 and a beta of 0.33. McRae Industries has a twelve month low of $36.00 and a twelve month high of $52.40.

McRae Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.34%. This is a positive change from McRae Industries’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, December 18th. McRae Industries’s dividend payout ratio (DPR) is 9.89%.

About McRae Industries

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.