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Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that its Board of Directors voted to declare a quarterly dividend of 9.3¢ per share on the Company's issued and outstanding shares of common stock. This cash dividend will be paid on May 28, 2010 to stockholders of record as of May 14, 2010.
Chief Executive Officer Michael O. Fifer commented on the Company's dividend practice, "Our quarterly dividends - which vary every quarter in amount paid per share - have been based on a fixed percentage of our underlying operating profit. We feel that this approach benefits our shareholders as it allows our dividend to better reflect our results than a fixed dividend amount per share."
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. As a full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 40 product lines. For more than 60 years, Ruger has been a model of corporate and community responsibility. Our motto, “Arms Makers for Responsible Citizens®,” echoes the importance of these principles as we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens®”