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

Rich Duprey, The Motley Fool
·3 min read
Sturm, Ruger Dividend Slashed 21% -- but It's Not What You Think

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.

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