Rocky Brands, Inc. (NASDAQ:RCKY) to Issue Quarterly Dividend of $0.17

Rocky Brands, Inc. (NASDAQ:RCKY) declared a quarterly dividend on Monday, August 17th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.17 per share by the textile maker on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st.

Rocky Brands has raised its dividend by an average of 0.0%annually over the last three years. Rocky Brands has a payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 1.8%

Rocky Brands stock opened at $46.68 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.97 and a debt-to-equity ratio of 0.43. The stock has a market cap of $349.63 million, a P/E ratio of 12.22 and a beta of 2.35. Rocky Brands has a 12 month low of $25.76 and a 12 month high of $53.01. The company’s fifty day simple moving average is $42.81 and its 200-day simple moving average is $39.98.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, July 28th. The textile maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $1.55. Rocky Brands had a return on equity of 12.28% and a net margin of 5.72%.The company had revenue of $118.37 million during the quarter, compared to analyst estimates of $110.08 million.

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.