With a dividend yield of almost 5%, is Colt CZ a quality stock to build passive income ?

Colt CZ, the former Czech arms factory, is very popular among Czech investors. It only went public on the Prague stock exchange in 2020, but the history of the brand dates back to 1936. Colt was even founded in 1836. How do the financial results of the armaments company Colt CZ look like?

The legendary Colt 1911 gun, whose production has been under the Czech arms company's thumb since last year.

Basic information

Together with its subsidiaries, the company is engaged in the manufacture, purchase and sale of firearms, ammunition and tactical accessories in the Czech Republic, the United States, Europe, Africa, Asia and internationally. It also engages in the rental of real estate, trading in military supplies, the manufacture of sight assemblies and the operation of a shooting academy for the training of sport shooters and government agencies.

In 2021, the then still Czech Armaments Group bought the American Colt's Manufacturing Company, maker of the legendary Colt 1911 rifle, for $220…