Decker Manufacturing (OTCMKTS:DMFG) Shares Up 4.2% – Should You Buy?

Decker Manufacturing Co. (OTCMKTS:DMFG) shares were up 4.2% during mid-day trading on Monday . The company traded as high as $55.00 and last traded at $50.00. Approximately 5,172 shares changed hands during trading, an increase of 709% from the average daily volume of 639 shares. The stock had previously closed at $48.00.

Decker Manufacturing Trading Up 4.2 %

The business has a 50-day moving average price of $43.71 and a 200-day moving average price of $42.65.

Decker Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 14th were paid a $1.00 dividend. The ex-dividend date was Friday, October 11th. This represents a $4.00 dividend on an annualized basis and a yield of 8.00%. This is a positive change 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.