Rush Enterprises, Inc. (NASDAQ:RUSHA – Get Free Report) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Tuesday, August 13th will be paid a dividend of 0.18 per share on Tuesday, September 10th. This represents a $0.72 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17.
Rush Enterprises has increased its dividend by an average of 31.8% annually over the last three years. Rush Enterprises has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $4.40 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 15.5%.
Rush Enterprises Stock Down 7.0 %
Shares of RUSHA traded down $3.82 during midday trading on Friday, hitting $51.03. 46,032 shares of the company’s stock traded hands, compared to its average volume of 356,365. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. Rush Enterprises has a 1 year low of $34.68 and a 1 year high of $56.64. The firm’s fifty day moving average is $44.75 and its 200-day moving average is $46.57.
Analyst Upgrades and Downgrades
Separately, Stephens assumed coverage on shares of Rush Enterprises in a research report on Monday, July 8th. They set an “overweight” rating on the stock.
Read Our Latest Research Report on RUSHA
About Rush Enterprises
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.
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