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

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.155 per share by the textile maker on Monday, March 17th. This represents a $0.62 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 3rd.

Rocky Brands has raised its dividend by an average of 1.7% annually over the last three years.

Rocky Brands Trading Down 1.8 %

Shares of RCKY traded down $0.44 during midday trading on Wednesday, hitting $23.61. The stock had a trading volume of 35,618 shares, compared to its average volume of 37,110. Rocky Brands has a 1 year low of $19.65 and a 1 year high of $40.14. The firm has a market cap of $175.89 million, a PE ratio of 13.26 and a beta of 2.10. 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 stock’s 50 day moving average is $23.65 and its 200 day moving average is $25.93.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RCKY. StockNews.com downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th. Robert W. Baird cut their price target on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a report 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.