Welcome to our dedicated page for Mcrae Inds news (Ticker: MCRAB), a resource for investors and traders seeking the latest updates and insights on Mcrae Inds stock.
The news page for MCRAE INDUS INC B (MCRAB) focuses on official announcements from McRae Industries, Inc., a footwear manufacturing company in the manufacturing sector. The available news flow is dominated by press releases detailing cash dividends declared on the company’s Class A and Class B common stock, which trade on the Pink Sheets under the symbols MCRAA and MCRAB.
These releases, issued from Mount Gilead, North Carolina, provide specific information about dividend activity. Each announcement typically states the per-share dividend amount, notes whether any portion is designated as a special dividend, and identifies the record date and payment date. Because the same per-share amount applies to both classes of common stock, holders of MCRAB can use these releases to understand how dividend decisions affect their shares.
Investors and researchers using this news page can review a sequence of dividend declarations over time to see how often McRae Industries, Inc. has announced dividends and how those dividends have been structured between regular and special components. This pattern of communication offers insight into how the company has chosen to distribute cash to shareholders.
By checking this page, users can find historical press releases related to dividends on MCRAB and MCRAA, all sourced from McRae Industries, Inc. via PRNewswire. The news content is especially relevant for shareholders who track income from their investments or who analyze the company’s past approach to shareholder distributions.
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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.
McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) announced a dividend of $.14 per share on its Class A and Class B Common Stock. This dividend is payable on March 29, 2023, to shareholders on record as of March 15, 2023. The announcement reflects the company's commitment to returning value to its shareholders and indicates financial stability.
McRae Industries, Inc. (MCRAA, MCRAB) announced a dividend of $.13 per share on both Class A and Class B Common Stock. This dividend will be payable on March 30, 2022, to shareholders on record as of March 16, 2022. This announcement highlights the company's commitment to returning value to its shareholders.
McRae Industries, Inc. (MCRAA, MCRAB) has declared a dividend of $.13 per share on its Class A and Class B Common Stock. This dividend is set to be payable on September 28, 2021, to shareholders who are on record by September 14, 2021. This decision reflects the company’s continued commitment to returning value to its shareholders.
McRae Industries reported consolidated net revenues of $21.58 million for Q3 FY2021, up from $14.29 million in Q3 FY2020. Net earnings reached $1.197 million or $0.52 per diluted Class A share compared to a net loss of $504,000 in the same period last year. For the first nine months, revenues totaled $60.76 million, an increase from $57.29 million, with net earnings of $2.419 million versus $1.063 million in FY2020. Western/lifestyle boot sales surged, though work boot revenues fell by 7%. The company maintains a strong cash position of $23 million.
McRae Industries, Inc. (MCRAA, MCRAB) announced a dividend of $.13 per share on its Class A and Class B Common Stock. This dividend is payable on June 30, 2021 to shareholders recorded on June 16, 2021. This decision reflects the company’s ongoing commitment to provide returns to its shareholders amidst its business operations.