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

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.155 per share by the textile maker on Tuesday, December 17th. This represents a $0.62 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, December 3rd.

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

Rocky Brands Stock Performance

NASDAQ RCKY traded up $0.13 on Wednesday, reaching $21.04. The stock had a trading volume of 4,556 shares, compared to its average volume of 41,149. Rocky Brands has a 1-year low of $19.65 and a 1-year high of $40.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93. The company has a market cap of $156.75 million, a P/E ratio of 11.75 and a beta of 2.13. The firm has a fifty day moving average of $27.42 and a two-hundred day moving average of $31.68.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings data on Wednesday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.22). Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The business had revenue of $114.55 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird dropped their price target on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

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.