Rush Enterprises, Inc. Declares Quarterly Dividend of $0.19 (NASDAQ:RUSHA)

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of 0.19 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Rush Enterprises has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Rush Enterprises has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Rush Enterprises to earn $4.93 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 15.4%.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA traded up $2.62 during trading hours on Wednesday, hitting $72.63. 213,969 shares of the stock were exchanged, compared to its average volume of 441,833. Rush Enterprises has a 1-year low of $45.67 and a 1-year high of $74.19. The company’s fifty day simple moving average is $61.58 and its two-hundred day simple moving average is $56.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37. The company has a market cap of $5.60 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%. On average, sell-side analysts predict that Rush Enterprises will post 3.91 EPS for the current year.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.