UK Markets open in 2 hrs 48 mins

Sturm, Ruger Dividend Slashed 21% -- but It's Not What You Think

·3-min read
Sturm, Ruger Dividend Slashed 21% -- but It's Not What You Think
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • RGR
  • SWBI

Sturm, Ruger (NYSE: RGR) investors might have been surprised to see that even though the company's fiscal third-quarter firearms sales jumped 22% year over year and per-share profits were 42% higher, management slashed the dividend 21% from just one quarter ago. While the white-hot growth rate in gun sales has ebbed in recent months, they still remain on track to have 2021 rank second only to last year as the best year for firearms sales.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting