Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Set to Pay Quarterly Dividend of $0.14

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.14 per share on Thursday, December 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 11th.

Rush Enterprises has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 6 years. Rush Enterprises has a payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Rush Enterprises to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.5%.

Rush Enterprises Stock Performance

RUSHA opened at $45.48 on Wednesday. Rush Enterprises has a fifty-two week low of $30.45 and a fifty-two week high of $55.74. The firm’s fifty day moving average is $48.03 and its 200 day moving average is $36.00. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 20.55 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, October 27th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. On average, equities research analysts predict that Rush Enterprises will post 2.43 earnings per share for the current year.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.