Decker Manufacturing (OTCMKTS:DMFG) Trading Up 2% – Should You Buy?

Shares of Decker Manufacturing Co. (OTCMKTS:DMFG) shot up 2% during mid-day trading on Tuesday . The stock traded as high as $51.00 and last traded at $51.00. 125 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 652 shares. The stock had previously closed at $50.00.

Decker Manufacturing Price Performance

The stock has a 50 day moving average price of $47.82 and a 200-day moving average price of $44.09.

Decker Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 14th were paid a $1.00 dividend. The ex-dividend date was Friday, October 11th. This is an increase from Decker Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.84%.

Decker Manufacturing Company Profile

Decker Manufacturing Corporation manufactures hex nuts, weld nuts, pipe plugs, and other industrial fasteners to the automotive, agricultural, farm implement, heavy duty equipment, and construction industries. The company offers weld fasteners, nut/washer assemblies, wheel nuts, locknuts, flange nuts, and pipe/drain plugs for passenger car and truck assembly applications, powertrains, transmissions, and chassis; hex, tower, guard rail, and culvert nuts for highways, signage, bridges, and building constructions; internal engine, hitch, and trailer fasteners; and seat belts and guard rails for safety market applications.