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FYI Gun maker Sturm, Ruger to pay $5 special dividend

Posted by Mr.Copper @ 13:56 on December 2, 2022  

Shareholders of record on Deb. 15 will be paid the special dividend on Jan. 5, 2023, the company said late Wednesday. With 17.67 million shares outstanding as of Oct. 17, that represents a total payout by the company of about $88.3 million.

The stock RGR, 1.73% climbed 8.4% in morning trading Thursday, putting it on track for the best one-day performance since it hiked up 12.1% on Jan. 6, 2021.

Based on current stock prices, the special dividend by itself would imply a dividend yield of 8.40%, which compares with the implied yield for the S&P 500 index SPX, -0.53% of 1.65%.

https://www.marketwatch.com/story/gun-maker-sturm-ruger-to-pay-5-special-dividend-stock-surges-11669909172?siteid=yhoof2

https://finviz.com/quote.ashx?t=RGR&ty=c&ta=1&p=d

Other ideas?? Tech bear TECS and semiconductor bear SOXS (huge dollar volume) both look good now, on lows as the general mkts are on highs.

Are you guys doing anything? My long silver AGQ buy from 11/17 up 20% today. Now I have to either sell, or double the shares to a 10% gain. as a buffer.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.