Rush Enterprises, Inc. (NASDAQ:RUSHA) Plans Quarterly Dividend of $0.17

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Thursday, May 9th will be given a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 8th.

Rush Enterprises has increased its dividend payment by an average of 31.8% annually over the last three years and has increased its dividend every year for the last 5 years. Rush Enterprises has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rush Enterprises to earn $3.95 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 17.2%.

Rush Enterprises Stock Performance

RUSHA opened at $43.70 on Monday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.00 and a beta of 1.07. The company’s fifty day moving average price is $49.17 and its two-hundred day moving average price is $45.02. Rush Enterprises has a 1-year low of $33.37 and a 1-year high of $53.78. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter last year, the firm posted $1.07 EPS. On average, analysts expect that Rush Enterprises will post 2.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the sale, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $24,686.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Rush Enterprises in a research report on Wednesday, April 24th.

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.