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

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, May 8th.

Rush Enterprises has raised its dividend payment by an average of 31.8% annually over the last three years and has raised its dividend every year for the last 5 years. Rush Enterprises has a 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

NASDAQ:RUSHA opened at $44.20 on Tuesday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.00 and a beta of 1.07. Rush Enterprises has a 1 year low of $33.67 and a 1 year high of $53.78. The stock’s 50 day simple moving average is $49.11 and its two-hundred day simple moving average is $45.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same period in the previous year, the business earned $1.07 earnings per share. As a group, equities analysts anticipate that Rush Enterprises will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rush Enterprises

In related news, SVP Jason Wilder sold 11,250 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $46.23, for a total transaction of $520,087.50. Following the transaction, the senior vice president now directly owns 534 shares in the company, valued at approximately $24,686.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.53% of the company’s stock.

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.