Rush Enterprises, Inc. (NASDAQ:RUSHA) Raises Dividend to $0.18 Per Share


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Rush Enterprises, Inc. (NASDAQ:RUSHA) declared a quarterly dividend on Wednesday, February 10th, Zacks reports. Shareholders of record on Thursday, February 25th will be given a dividend of 0.18 per share on Tuesday, March 16th. This represents a $0.72 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 24th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.14.

Rush Enterprises has a payout ratio of 28.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.3%.

RUSHA opened at $41.75 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.39. Rush Enterprises has a 12 month low of $18.17 and a 12 month high of $47.35. The stock has a market capitalization of $2.29 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.30 and a beta of 1.34. The business has a 50 day simple moving average of $43.15 and a 200-day simple moving average of $38.28.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 9th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. Rush Enterprises had a return on equity of 8.24% and a net margin of 2.04%. Research analysts anticipate that Rush Enterprises will post 1.85 EPS for the current year.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Dividend History for Rush Enterprises (NASDAQ:RUSHA)

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