Rush Enterprises, Inc. (NASDAQ:RUSHA) Increases Dividend to $0.18 Per Share

Rush Enterprises, Inc. (NASDAQ:RUSHA) 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.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. Rush Enterprises had a return on equity of 16.06% and a net margin of 3.90%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rush Enterprises will post 3 earnings per share for the current year.

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.

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.