McRae Industries, Inc. (MCRAA) to Issue Quarterly Dividend of $0.70 on January 2nd

McRae Industries, Inc. (OTCMKTS:MCRAA) declared a quarterly dividend on Thursday, December 5th,NASDAQ Dividends reports. Investors of record on Wednesday, December 18th will be paid a dividend of 0.70 per share on Thursday, January 2nd. This represents a $2.80 annualized dividend and a yield of 5.38%. The ex-dividend date is Wednesday, December 18th. This is a boost from McRae Industries’s previous quarterly dividend of $0.14.

McRae Industries Price Performance

Shares of OTCMKTS MCRAA opened at $52.02 on Monday. McRae Industries has a 1 year low of $36.00 and a 1 year high of $52.02. The firm has a 50-day simple moving average of $49.55 and a two-hundred day simple moving average of $48.46. The company has a market cap of $98.58 million, a P/E ratio of 9.19 and a beta of 0.33.

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.