Sturm, Ruger increases dividend by ~19% to $0.19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
0mins
Source: SeekingAlpha
Dividend Announcement: Sturm, Ruger has declared a quarterly dividend of $0.19 per share, marking an 18.8% increase from the previous dividend of $0.16.
Payment Details: The dividend is payable on August 30 to shareholders of record as of August 15, with the ex-dividend date also set for August 15.
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Analyst Views on RGR
Wall Street analysts forecast RGR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGR is 41.00 USD with a low forecast of 41.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 37.050
Low
41.00
Averages
41.00
High
41.00
Current: 37.050
Low
41.00
Averages
41.00
High
41.00
No data
About RGR
Sturm, Ruger & Company, Inc. is a manufacturer of rugged firearms for the commercial sporting market. The Company's segments include firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The Company also manufactures and sells accessories and replacement parts for its firearms. It primarily offers products in three industry product categories: rifles, pistols and revolvers. The castings segment manufactures and sells investment castings made from steel alloys and metal injection molding (MIM) parts for internal use in the firearms segment. The castings and MIM parts are sold to outside customers, either directly or through manufacturers’ representatives. With products made in United States, the Company offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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