Rocky Brands (RCKY) DIvidends Date & History

Key Takeaways

• Rocky Brands offers a forward annual dividend of $0.62 per share, yielding 1.41% based on recent stock prices.
• Quarterly payments of $0.155 per share, with the most recent ex-dividend date on March 2, 2026.
• Low payout ratio of 20.95% ensures excellent coverage by trailing EPS of $2.96.
• Positive levered free cash flow of $3.3 million (TTM) supports ongoing payments.
• Stable dividend history with modest increases over the past decade, no recent cuts.
• Moderate debt-to-equity ratio of 50.39% and current ratio of 2.82 indicate financial stability.

Dividend Overview

Rocky Brands, Inc. (RCKY), a designer and manufacturer of outdoor and work footwear under brands like Rocky and Georgia Boot, maintains a modest quarterly dividend policy. The company pays $0.155 per share each quarter, totaling $0.62 annually, which equates to a forward yield of 1.41%. This positions RCKY as neither a high-yield nor aggressive dividend growth stock, but rather a steady payer in the consumer discretionary sector. Recent declarations confirm consistency, with the latest ex-dividend date on March 2, 2026, and payment on March 16, 2026. The dividend appeals to investors seeking reliable income from a niche footwear player amid varying retail dynamics.

Dividend History and Growth

Rocky Brands has paid quarterly dividends consistently, with the current $0.155 per share rate holding steady in recent quarters, including declarations in February 2026 and November 2025. Over the past decade, payments have shown modest growth, increasing from levels around $0.14 per share in 2019. The company raised its dividend once in the past five years, reflecting cautious expansion tied to profitability improvements. No special dividends or cuts appear in recent history, underscoring a strategy of stability over rapid hikes. This profile suits investors prioritizing consistency in a cyclical industry.

Dividend Sustainability and Payout Ratio

The dividend's sustainability is robust, underpinned by a low payout ratio of 20.95%, meaning only a fraction of trailing earnings per share ($2.96) is distributed. Earnings comfortably cover payments multiple times over. Free cash flow remains positive at $3.3 million (levered, TTM), providing ample buffer despite seasonal wholesale fluctuations. A current ratio of 2.82 signals strong liquidity, while debt-to-equity at 50.39% is manageable for the sector. Operating cash flow supports reinvestment alongside dividends, reducing cut risks even in softer demand periods.

Dividend Compared to Industry Peers

In the footwear and apparel industry, RCKY's 1.41% yield stands above many peers, where giants like Deckers Outdoor (DECK) offer 0% and the sector median skews low. Comparable firms like Wolverine World Wide (WWW) and Designer Brands (CAL) show similar or lower yields around 1-2%, with fewer consistent payers. RCKY's profile is average-to-attractive for income in this growth-oriented space dominated by non-dividend stocks.

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Is This Stock Attractive for Dividend Investors?

Rocky Brands (RCKY) may appeal to conservative dividend investors prioritizing sustainability over high yields or rapid growth. Its low payout ratio and positive cash flows make it suitable for those seeking modest income (1.41% yield) with low cut risk in the consumer discretionary space. Long-term holders in the footwear niche could value the stability amid brand loyalty for work boots and outdoor gear. However, cyclical wholesale exposure and modest growth limit allure for yield chasers or aggressive growth seekers. Balanced portfolios might include RCKY as a defensive income play, but volatility from retail trends warrants caution for income-focused retirees or novices.

Disclaimer

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