Rocky Mountain Dealerships Inc. (TSE:RME) announced a quarterly dividend on Tuesday, September 4th, Zacks reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.123 per share on Friday, September 28th. This represents a $0.49 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, September 13th. This is a boost from Rocky Mountain Dealerships’s previous quarterly dividend of $0.12.

Shares of RME stock traded down C$0.10 during mid-day trading on Wednesday, hitting C$10.44. 9,274 shares of the stock traded hands, compared to its average volume of 39,468. Rocky Mountain Dealerships has a 52-week low of C$10.02 and a 52-week high of C$14.34.

Rocky Mountain Dealerships (TSE:RME) last released its quarterly earnings results on Wednesday, August 8th. The company reported C$0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.06). The firm had revenue of C$302.64 million for the quarter, compared to analysts’ expectations of C$262.50 million. Rocky Mountain Dealerships had a net margin of 3.80% and a return on equity of 19.81%.

Several equities analysts have recently issued reports on RME shares. Laurentian set a C$14.00 price objective on shares of Rocky Mountain Dealerships in a report on Thursday, August 9th. TD Securities cut their price objective on shares of Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Finally, National Bank Financial downgraded shares of Rocky Mountain Dealerships from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$16.00 to C$13.00 in a report on Thursday, August 9th.

About Rocky Mountain Dealerships

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots.

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Dividend History for Rocky Mountain Dealerships (TSE:RME)

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