Decker Manufacturing (OTCMKTS:DMFG) Shares Up 4.2% – Time to Buy?

Decker Manufacturing Co. (OTCMKTS:DMFG)’s stock price shot up 4.2% on Monday . The company traded as high as $55.00 and last traded at $50.00. 5,172 shares traded hands during trading, an increase of 709% from the average session volume of 639 shares. The stock had previously closed at $48.00.

Decker Manufacturing Stock Up 4.2 %

The firm’s 50-day moving average is $43.71 and its 200 day moving average is $42.65.

Decker Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 14th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date was Friday, October 11th. This is an increase from Decker Manufacturing’s previous quarterly dividend of $0.95.

Decker Manufacturing Company Profile

Decker Manufacturing Corporation manufactures hex nuts, weld nuts, pipe plugs, and other industrial fasteners to the automotive, agricultural, farm implement, heavy duty equipment, and construction industries. The company offers weld fasteners, nut/washer assemblies, wheel nuts, locknuts, flange nuts, and pipe/drain plugs for passenger car and truck assembly applications, powertrains, transmissions, and chassis; hex, tower, guard rail, and culvert nuts for highways, signage, bridges, and building constructions; internal engine, hitch, and trailer fasteners; and seat belts and guard rails for safety market applications.