Why Sturm, Ruger's Dividend Doubling May Not Be as Big a Deal as It Seems

·4-min read
Why Sturm, Ruger's Dividend Doubling May Not Be as Big a Deal as It Seems

Sturm, Ruger (NYSE: RGR) continues to benefit from the record-setting pace of firearms sales being set this year as first-quarter revenue surged 49% year over year and profits rocketed nearly 150% higher. The FBI is on track to break all records this year on the number of background checks it conducts on potential gun buyers, which is translating into manufacturers like Ruger and Smith & Wesson Brands (Nasdaq: SWBI) seeing white-hot sales growth.