Sturm, Ruger (NYSE: RGR) continues to benefit from the record-setting pace of firearms sales being set this year as first-quarter revenue surged 49% year over year and profits rocketed nearly 150% higher.
That translated into the gunmaker's dividend more than doubling from the year-ago period, but don't expect that kind of payout to last. Still, it shows how good things are currently for the firearms industry, and the good times are likely to last for quite a while yet.
Sturm, Ruger's new Max-9 pistol. Image source: Sturm, Ruger.
For further details see:
Why Sturm, Ruger's Dividend Doubling May Not Be as Big a Deal as It Seems