Rocky Brands, Inc. (RCKY) To Go Ex-Dividend on June 1st

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 1st will be given a dividend of 0.17 per share by the textile maker on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. This is a 9.7% increase from Rocky Brands’s previous quarterly dividend of $0.16.

Rocky Brands has increased its dividend payment by an average of 0.0%annually over the last three years. Rocky Brands has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings.

Rocky Brands Stock Up 1.9%

RCKY opened at $34.99 on Wednesday. The company has a market cap of $263.82 million, a P/E ratio of 14.17 and a beta of 2.39. The business’s 50-day moving average price is $39.80 and its 200-day moving average price is $34.90. The company has a current ratio of 2.90, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. Rocky Brands has a 12 month low of $20.27 and a 12 month high of $48.70.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, April 28th. The textile maker reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $122.42 million. Rocky Brands had a return on equity of 8.43% and a net margin of 3.78%.

About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.