Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Announces Quarterly Dividend of $0.13

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, September 19th.

Smith & Wesson Brands has raised its dividend payment by an average of 66.3% per year over the last three years. Smith & Wesson Brands has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $13.17 on Wednesday. The business’s fifty day moving average price is $14.72 and its two-hundred day moving average price is $15.75. The stock has a market cap of $600.03 million, a PE ratio of 15.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. Smith & Wesson Brands has a one year low of $11.32 and a one year high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The firm had revenue of $88.33 million for the quarter, compared to analysts’ expectations of $102.52 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was down 22.7% compared to the same quarter last year.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their target price on Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, June 21st.

Insider Buying and Selling at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.07, for a total value of $32,140.00. Following the transaction, the director now directly owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is currently owned by corporate insiders.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.