McRae Industries (OTCMKTS:MCRAA) Posts Earnings Results

McRae Industries (OTCMKTS:MCRAA) released its earnings results on Monday. The company reported $0.47 EPS for the quarter, Zacks reports.

McRae Industries Price Performance

MCRAA traded down $0.64 on Monday, reaching $50.36. 620 shares of the company traded hands, compared to its average volume of 293. The stock’s 50 day moving average price is $51.30 and its 200-day moving average price is $50.15. McRae Industries has a 52-week low of $42.86 and a 52-week high of $52.40. The company has a market cap of $95.43 million, a price-to-earnings ratio of 9.97 and a beta of 0.28.

McRae Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, March 19th. McRae Industries’s payout ratio is presently 11.09%.

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.