LONDON, UK / ACCESSWIRE / June 1, 2018 / Active-Investors has a free review on Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF) ("Rocky Mountain") following the Company's announcement that it will begin trading ex-dividend on June 04, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 01, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on RMCF:
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On May 10, 2018, Rocky Mountain announced that its 60th consecutive quarterly cash dividend in the amount of $0.12 per share will be paid on June 15, 2018, to shareholders of record at the close of business on June 05, 2018.
Rocky Mountain's indicated dividend represents a yield of 4.25%, which is more than double compared to the average dividend yield of 1.96% for the Consumer Goods sector.
Rocky Mountain has a dividend payout ratio of 70.6%, which means that the Company spends approximately $0.71 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
Rocky Mountain has trailing twelve months earnings of $0.49 per share, which is higher than the Company's annualized dividend of $0.48 per share.
Rocky Mountain's cash and cash equivalent balances increased from $5.8 million as of February 28, 2017, to $6.1 million as of February 28, 2018, as a result of cash flows generated by operating activities being more than cash flows used in financing and investing activities during the reported period. The Company's current ratio was 1.9 to 1.0 at February 28, 2018, which was the same at February 28, 2017. The Company's financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
On May 10, 2018, Rocky Mountain reported its operating results for the three months and fiscal year ended February 28, 2018. For Q4 FY18, the Company's total revenue increased 1.3% to $10.5 million on a y-o-y basis. Rocky Mountain's Q4 FY18 net income totaled $471,000, or $0.08 per diluted share, compared to net income of $732,000, or $0.12 per diluted share, in Q4 FY17. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) for the reported quarter increased 3.9% to $1.7 million compared to $1.6 million in Q4 FY17.
For fiscal year 2018, Rocky Mountain's total revenue decreased 0.6% to $38.1 million compared to $38.3 million during FY17. The Company's net income totaled $3.0 million, or $0.50 per diluted share, in FY18 compared to net income of $3.5 million, or $0.58 per diluted share, in FY17.
About Rocky Mountain Chocolate Factory
Rocky Mountain Chocolate Factory, which is headquartered in Durango, Colorado, is an international franchiser of gourmet chocolate, confection and self-serve frozen yogurt stores and a manufacturer of an extensive line of premium chocolates and other confectionery products.
As of May 10, 2018, the Company, through its subsidiaries and its franchisees and licensees operated 459 Rocky Mountain Chocolate Factory and self-serve frozen yogurt stores in 38 states, Canada, Qatar, South Korea, Panama, and The Republic of the Philippines.
Stock Performance Snapshot
May 31, 2018 - At Thursday's closing bell, Rocky Mountain Chocolate Factory's stock dropped 1.41%, ending the trading session at $11.15.
Volume traded for the day: 8.43 thousand shares, which was above the 3-month average volume of 6.20 thousand shares.
After yesterday's close, Rocky Mountain Chocolate Factory's market cap was at $66.12 million.
Price to Earnings (P/E) ratio was at 22.90.
The stock has a dividend yield of 4.30%.
The stock is part of the Consumer Goods sector, categorized under the Confectioners industry.
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