Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Announces Quarterly Dividend of $0.13

Smith & Wesson Brands, Inc. (NASDAQ:SWBIGet Free Report) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.13 per share on Thursday, July 25th. This represents a $0.52 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, July 11th. This is a positive change from Smith & Wesson Brands’s previous quarterly dividend of $0.12.

Smith & Wesson Brands has increased its dividend by an average of 66.3% annually over the last three years.

Smith & Wesson Brands Price Performance

NASDAQ SWBI opened at $14.01 on Wednesday. The business’s 50-day moving average is $15.80 and its 200 day moving average is $15.30. Smith & Wesson Brands has a 1 year low of $10.38 and a 1 year high of $18.05. The stock has a market capitalization of $638.30 million, a PE ratio of 16.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32.

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) last posted its earnings results on Thursday, June 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The firm had revenue of $159.15 million during the quarter, compared to analysts’ expectations of $156.80 million. During the same period last year, the company posted $0.32 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price objective on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, June 21st.

Check Out Our Latest Research Report on SWBI

Insider Buying and Selling

In related news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the sale, the director now directly owns 69,569 shares in the company, valued at $1,029,621.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.99% of the stock is owned by company insiders.

Smith & Wesson Brands Company Profile

(Get Free Report)

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.

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Dividend History for Smith & Wesson Brands (NASDAQ:SWBI)

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