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MCRAE INDUS INC B - $MCRAB STOCK NEWS

Welcome to our dedicated page for MCRAE INDUS B news (Ticker: $MCRAB), a resource for investors and traders seeking the latest updates and insights on MCRAE INDUS B stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MCRAE INDUS B's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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McRae Industries, Inc. reported a decrease in net revenues for the second quarter and first six months of fiscal 2024 compared to the same periods in fiscal 2023. Despite this, the company saw an increase in gross profit percentage and operating profit margin. The company also signed a purchase sale agreement to sell land for $2.65 million. Financially, the company's cash and working capital remained strong, with available credit lines expected to meet capital requirements for the rest of fiscal 2024.
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McRae Industries, Inc. (MCRAA) announced a dividend of $0.14 per share for Class A and Class B Common Stock, payable on April 4, 2024, to shareholders of record on March 21, 2024.
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McRae Industries, ticker symbols MCRAA and MCRAB, reported a decrease in consolidated net revenues for the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023. Despite a slowdown in demand for western/lifestyle boot products, revenues from work boot products increased, driven by military boot sales. The company's financial condition remained strong, with cash and cash equivalents totaling $24.0 million as of October 28, 2023, and working capital increasing to $78.9 million.
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McRae Industries, Inc. (MCRAA, MCRAB) declared a dividend of $.75 per share, including a special dividend of $.61 per share, on the Company's Class A and Class B Common Stock. The dividend is payable on January 3, 2024, to shareholders of record on December 13, 2023.
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McRae Industries declares dividend of $.14 per share on Class A and Class B Common Stock.
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MCRAE INDUS INC B

OTC:MCRAB

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40.62M
6.1%
Footwear Manufacturing
Manufacturing
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United States of America
Mount Gilead