Welcome to our dedicated page for Mcrae Industries news (Ticker: MCRAA), a resource for investors and traders seeking the latest updates and insights on Mcrae Industries stock.
McRae Industries, Inc. (MCRAA) is associated with the footwear manufacturing industry and is based in Mount Gilead, North Carolina. On this news page, readers can review company-issued press releases that focus on dividend activity for McRae Industries, Inc.’s Class A and Class B common stock, which are quoted on the Pink Sheets under the symbols MCRAA and MCRAB.
The news flow provided in the available sources centers on dividend declarations. Each release specifies the cash dividend per share, identifies whether any portion is a special dividend, and confirms that the payments apply to both Class A and Class B Common Stock. The announcements also state the payable date for the dividend and the shareholder record date used to determine eligibility.
Investors and researchers using this page can examine how McRae Industries, Inc. communicates its dividend decisions over time. The pattern of press releases offers insight into the company’s approach to returning cash to shareholders through regular and, at times, special dividends. Because the coverage here is based on official company news, it reflects what McRae Industries, Inc. has chosen to highlight publicly about its capital distribution practices.
For those tracking the MCRAA ticker, this news page serves as a focused archive of dividend-related announcements. Users can revisit past releases to see the timing and structure of declared dividends on the company’s Pink Sheets-listed Class A and Class B common stock.
McRae Industries has announced a dividend declaration for both its Class A and Class B Common Stock shareholders. The total dividend of $0.84 per share includes a special dividend component of $0.70 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 18, 2024.
McRae Industries (Pink Sheets: MCRAA and MCRAB) has declared a dividend of $0.14 per share on both its Class A and Class B Common Stock. The dividend is payable on October 3, 2024 to shareholders of record as of September 19, 2024. This announcement demonstrates the company's commitment to providing returns to its shareholders. McRae Industries, based in Mount Gilead, N.C., continues its practice of dividend payments, which may be of interest to income-focused investors.
McRae Industries (MCRAA) reported their third-quarter and nine-month fiscal 2024 earnings. For Q3 2024, net revenues were $29.4M, down from $31.5M in Q3 2023. Net earnings were $2.05M ($0.91/share), slightly decreased from $2.08M ($0.92/share) in Q3 2023. For the first nine months, net revenues were $88.1M, down from $96.1M in the same period in 2023. However, net earnings improved to $6.91M ($3.06/share) from $6.67M ($2.94/share). The company cited increased military boot sales but saw a decline in western boot sales.
The company's financial condition remained robust with $19.6M in cash and equivalents and increased working capital from $75.8M to $80.1M. Operating activities provided $8.4M in cash, with $4.8M used in investing and $2.3M in financing activities. Available credit lines totaled $6.75M, with no current usage. McRae is confident that their current assets will meet capital requirements for the rest of fiscal 2024.
McRae Industries declared a dividend of $0.14 per share on its Class A and Class B Common Stock. This dividend is payable on June 26, 2024, to shareholders of record on June 12, 2024.
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McRae Industries, Inc. (MCRAA, MCRAB) reported its Q2 fiscal 2023 consolidated net revenues at $30.8 million, down from $31.4 million year-over-year. Net earnings for the quarter were $1.7 million, or $0.76 per diluted share, compared to $2.5 million, or $1.12 per share in Q2 FY2022. For the first six months, revenues increased to $64.6 million, up from $59.0 million, while net earnings were $4.6 million versus $4.8 million in the prior year. The company noted challenges with inventory levels and rising costs impacting gross profit margins.