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 dividend on an annualized basis and a yield of 1.40%. 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% per year over the last three years. Rush Enterprises has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance
Shares of Rush Enterprises stock traded down $3.55 on Friday, hitting $51.30. 24,333 shares of the company’s stock were exchanged, compared to its average volume of 356,218. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The stock has a market capitalization of $4.03 billion, a PE ratio of 13.86, a PEG 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 company has a 50-day simple moving average of $44.75 and a 200-day simple moving average of $46.57.
Wall Street Analyst Weigh In
Separately, Stephens started coverage on Rush Enterprises in a report on Monday, July 8th. They set an “overweight” rating for the company.
Get Our Latest Stock Analysis on Rush Enterprises
Rush Enterprises Company Profile
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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