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 reported a significant decline in revenues for the fourth quarter and fiscal year 2020 due to COVID-19 impacts. The fourth quarter revenues dropped to $12.0 million from $22.2 million year-over-year, resulting in a net loss of $1.2 million (or $0.50 per share) compared to a profit of $808,000 in 2019. Full-year revenues totaled $69.3 million, down from $82.2 million, with a net loss of $114,000. The company’s cash and equivalents improved to $21.0 million, and SG&A expenses decreased. However, the overall outlook remains challenging due to ongoing pandemic effects.
McRae Industries, Inc. has declared a dividend of $.13 per share on its Class A and Class B Common Stock. The dividend is payable on September 30, 2020, to shareholders of record as of September 16, 2020. This announcement reflects the company's commitment to returning value to its shareholders.