Firearms Gazette

Buoyed by Tuesday’s report of net sales of $68.3 million and earnings of thirty cents per share, Ruger stock hit its highest price since Oct 17, 2007 yesterday, closing at $17.55 per share – a one day gain of $1.95 (or 12.5%). The same period last year, Ruger reported earnings of thirty cents per share off sales of $63.5 million. Yesterday afternoon, the company announced its fifth consecutive quarterly dividend of 9.3-cents per share, payable on May 28, 2010 to shareholders of record as of May 14, 2010, an approach CEO Michael O. Fifer says “better reflect our results than a fixed dividend amount per share.” | For More… (courtesy of www.TheOutdoorWire.com)