McRae Industries (OTCMKTS:MCRAA) Posts Quarterly Earnings Results

McRae Industries (OTCMKTS:MCRAA) posted its quarterly earnings results on Monday. The company reported $0.47 earnings per share for the quarter, Zacks reports. The firm had revenue of $27.55 million for the quarter.

McRae Industries Price Performance

Shares of OTCMKTS MCRAA opened at $50.36 on Wednesday. McRae Industries has a 52 week low of $42.86 and a 52 week high of $52.40. The business has a 50-day simple moving average of $51.23 and a two-hundred day simple moving average of $50.20. The company has a market cap of $95.43 million, a P/E ratio of 9.97 and a beta of 0.28.

McRae Industries Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.11%. McRae Industries’s payout ratio is 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.