Sturm, Ruger & Company, Inc. Declares a Special Dividend of $4.50 Per Share

  Sturm, Ruger & Company, Inc. Declares a Special Dividend of $4.50 Per Share

Business Wire

SOUTHPORT, Conn. -- November 19, 2012

Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that its Board of
Directors voted to declare a special dividend of $4.50 per share on the
Company’s issued and outstanding shares of common stock. This cash dividend
will be paid on December 21, 2012 to shareholders of record as of December 7,

Chief Executive Officer Michael O. Fifer commented on the special dividend,
“The decision to return this cash to our shareholders was based on an analysis
that indicates we can continue to fund our high rate of organic growth,
including expected increases in both working capital and capital expenditures,
and fund our quarterly dividend while still growing our cash reserves at a
modest rate. In addition, the special dividend will substantially increase the
Company’s return on our shareholders’ equity, as the equity will now more
accurately reflect the net assets being used in the conduct of the business.
Likewise, after the special dividend, our long-term investors will still own
the same future stream of earnings, resulting in an increase to their return
on investment.”

Mr. Fifer concluded, “This special dividend reflects our confidence in the
future to be able to pursue good opportunities that come our way. We remain
committed to our new product development strategy and will continue to seek
accretive acquisition opportunities and prudently expand our manufacturing

About Sturm, Ruger

Sturm, Ruger was founded in 1949 and is one of the nation’s leading
manufacturers of high-quality firearms for the commercial sporting market.
Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities
located in Newport, NH and Prescott, AZ.

The Company may, from time to time, make forward-looking statements and
projections concerning future expectations. Such statements are based on
current expectations and are subject to certain qualifying risks and
uncertainties, such as market demand, sales levels of firearms, anticipated
castings sales and earnings, the need for external financing for operations or
capital expenditures, the results of pending litigation against the Company,
the impact of future firearms control and environmental legislation, and
accounting estimates, any one or more of which could cause actual results to
differ materially from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date made. The Company undertakes no obligation to publish revised
forward-looking statements to reflect events or circumstances after the date
such forward-looking statements are made or to reflect the occurrence of
subsequent unanticipated events.


Sturm, Ruger & Company, Inc.
One Lacey Place
Southport, CT 06890
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