REV Group, Inc. (NYSE:REVG) Plans Dividend Increase – $0.06 Per Share

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, December 11th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 26th will be given a dividend of 0.06 per share on Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from REV Group’s previous quarterly dividend of $0.05.

REV Group has raised its dividend by an average of 26.0% annually over the last three years. REV Group has a dividend payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect REV Group to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.4%.

REV Group Price Performance

REVG opened at $33.99 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $29.29 and its 200 day moving average price is $27.89. REV Group has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 7.57 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on REVG shares. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group lifted their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday. DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of REV Group in a report on Thursday, September 5th. Finally, Robert W. Baird lifted their target price on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.25.

REV Group Company Profile

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.