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.
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.
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.