McRae Industries (OTCMKTS:MCRAA) Announces Quarterly Earnings Results

McRae Industries (OTCMKTS:MCRAA) announced its quarterly earnings data on Tuesday. The company reported $0.82 EPS for the quarter, Zacks reports.

McRae Industries Stock Performance

MCRAA traded up $0.38 during trading on Tuesday, reaching $52.40. The company’s stock had a trading volume of 400 shares, compared to its average volume of 380. The company’s fifty day moving average price is $49.61 and its 200-day moving average price is $48.50. McRae Industries has a 52-week low of $36.00 and a 52-week high of $52.40. The company has a market capitalization of $99.30 million, a price-to-earnings ratio of 9.26 and a beta of 0.33.

McRae Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.70 per share. This is a boost from McRae Industries’s previous quarterly dividend of $0.14. This represents a $2.80 annualized dividend and a yield of 5.34%. The ex-dividend date is Wednesday, December 18th. McRae Industries’s dividend payout ratio is currently 9.89%.

About McRae Industries

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.