REV Group, Inc. (REVG) To Go Ex-Dividend on December 24th

REV Group, Inc. (NYSE:REVG) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Wednesday, December 24th will be given a dividend of 0.06 per share on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 24th.

REV Group has raised its dividend by an average of 0.7%per year over the last three years and has increased its dividend every year for the last 1 years. REV Group has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect REV Group to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.4%.

REV Group Trading Up 1.2%

NYSE REVG opened at $59.67 on Friday. REV Group has a one year low of $26.51 and a one year high of $64.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The firm has a market cap of $2.91 billion, a P/E ratio of 31.24 and a beta of 1.13. The stock’s 50-day moving average is $54.90 and its 200-day moving average is $51.84.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 32.17%. The firm had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that REV Group will post 2.12 earnings per share for the current fiscal year.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.