Sturm Ruger (RGR) Declares $5.00 Special Dividend; 9.1% Yield
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Sturm, Ruger & Company, Inc. Declares Special Dividend of $5.00 Per Share
November 30, 2022 5:05 PM ESTSOUTHPORT, Conn.--(BUSINESS WIRE)-- Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that its Board of Directors declared a special dividend of $5.00 per share for stockholders of record as of December 15, 2022, payable on January 5, 2023.
Chief Executive Officer Christopher J. Killoy commented on the $5.00 per share special dividend, Given our strong operational and financial performance, including our consistently positive cash flow, and our current cash balance of $220 million, we are returning a significant amount of our cash to shareholders. In the past ten years, we have returned over $590 million to our shareholders through our regular quarterly dividend, disciplined share... More
