Rush Enterprises, Inc. (NASDAQ:RUSHA) Announces Quarterly Dividend of $0.18

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.18 per share on Tuesday, March 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd.

Rush Enterprises has increased its dividend payment by an average of 12.4% annually over the last three years. Rush Enterprises has a payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings.

Rush Enterprises Price Performance

Shares of RUSHA stock traded down $3.69 during trading on Thursday, hitting $58.30. The company had a trading volume of 354,049 shares, compared to its average volume of 295,614. The stock’s 50-day moving average price is $58.30 and its 200 day moving average price is $55.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a one year low of $40.99 and a one year high of $65.43. The firm has a market capitalization of $4.61 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 15.01% and a net margin of 3.90%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Equities analysts expect that Rush Enterprises will post 3.92 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday.

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.