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

Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd.

Rush Enterprises has increased its dividend by an average of 12.4% per year over the last three years. Rush Enterprises has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock opened at $61.99 on Thursday. The stock has a market cap of $4.90 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The stock’s fifty day moving average is $58.30 and its 200 day moving average is $55.96. Rush Enterprises has a one year low of $40.99 and a one year high of $65.43.

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 firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Sell-side analysts anticipate that Rush Enterprises will post 3.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price objective 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.