On December 1, 2022, McRae Industries Inc. (MCRAA) declared a $0.50 per share special dividend. McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) declared a dividend of $.64 (which includes a special dividend of $.50 per share) per share on the Company's Class A and Class B Common Stock payable on January 3, 2023 to shareholders of record on December 14, 2022.

Earlier in 2022 the company had already announced a dividend hike of 7.7%. 

McRae Industries, Inc. is a manufacturer and distributor of children's shoes. The boots are focused on the western/lifestyle and work markets and principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. McRae western/lifestyle boot segment includes western, ladies’ fashion, and children’s footwear products under the Dan Post, Dingo, Eldorado, and Laredo brand. Its work boot brands include Dan Post, Laredo, and McRae Industrial brand work boots along with its military combat boots.