Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Get Free Report) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, September 19th.
Smith & Wesson Brands has raised its dividend payment by an average of 66.3% per year over the last three years. Smith & Wesson Brands has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings.
Smith & Wesson Brands Price Performance
Shares of SWBI opened at $13.24 on Tuesday. The company has a 50 day moving average of $14.74 and a 200-day moving average of $15.75. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands has a twelve month low of $11.32 and a twelve month high of $18.05. The stock has a market capitalization of $593.81 million, a P/E ratio of 15.40 and a beta of 1.01.
Wall Street Analyst Weigh In
Separately, Lake Street Capital increased their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.
Get Our Latest Research Report on SWBI
Insider Transactions at Smith & Wesson Brands
In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the completion of the transaction, the director now directly owns 69,569 shares of the company’s stock, valued at approximately $1,029,621.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.
Smith & Wesson Brands Company Profile
Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.
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