Rush Enterprises, Inc. (NASDAQ:RUSHA) Announces $0.14 Quarterly Dividend

Rush Enterprises, Inc. (NASDAQ:RUSHA – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Wednesday, September 9th will be given a dividend of 0.14 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 9th.

Rush Enterprises has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Rush Enterprises has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rush Enterprises to earn $4.36 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 17.4%.

Get Rush Enterprises alerts:

Rush Enterprises Stock Up 5.8%

Rush Enterprises stock traded up $4.53 during midday trading on Wednesday, hitting $83.35. 93,088 shares of the company’s stock were exchanged, compared to its average volume of 477,534. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46. The company has a market cap of $6.48 billion, a PE ratio of 25.16, a P/E/G ratio of 1.70 and a beta of 0.89. The firm has a 50-day moving average of $71.91 and a two-hundred day moving average of $69.50. Rush Enterprises has a 12 month low of $45.67 and a 12 month high of $83.49.

Rush Enterprises (NASDAQ:RUSHA – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. As a group, analysts expect that Rush Enterprises will post 3.75 earnings per share for the current fiscal year.

About Rush Enterprises

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Rush Enterprises
• Carrier Earnings Could Send the Stock to a New All-Time High
• 3 Unique AI Software Plays With Strong Analyst Support
• Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobile
• NVIDIA’s OpenAI Backstop Puts AI Financing Risk in Focus

Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.