McRae Industries (OTCMKTS:MCRAA) Announces Quarterly Earnings Results

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

McRae Industries Stock Performance

Shares of OTCMKTS MCRAA traded down $0.64 during midday trading on Monday, hitting $50.36. 620 shares of the company’s stock traded hands, compared to its average volume of 293. The stock has a market capitalization of $95.43 million, a price-to-earnings ratio of 9.97 and a beta of 0.28. The firm has a fifty day moving average of $51.30 and a 200 day moving average of $50.15. McRae Industries has a 1 year low of $42.86 and a 1 year high of $52.40.

McRae Industries Cuts Dividend

The company 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 of this dividend is Wednesday, March 19th. McRae Industries’s dividend payout ratio (DPR) is presently 11.09%.

McRae Industries Company Profile

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.