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

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.18 per share on Thursday, December 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, November 12th.

Rush Enterprises has increased its dividend payment by an average of 31.8% annually over the last three years. Rush Enterprises has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rush Enterprises to earn $4.08 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 17.6%.

Rush Enterprises Price Performance

Shares of RUSHA stock traded down $1.76 on Thursday, hitting $56.58. 666,252 shares of the stock traded hands, compared to its average volume of 350,955. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.03 and a beta of 1.01. Rush Enterprises has a 52 week low of $34.98 and a 52 week high of $60.55. The firm has a 50 day simple moving average of $51.86 and a two-hundred day simple moving average of $48.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The company's revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, equities research analysts predict that Rush Enterprises will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on shares of Rush Enterprises in a report on Monday, July 8th. They issued an "overweight" rating on the stock.

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares of the company's stock, valued at approximately $9,371,226.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total value of $2,152,400.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares of the company's stock, valued at $9,371,226.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now directly owns 534 shares of the company's stock, valued at approximately $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,875 shares of company stock valued at $3,422,554. Company insiders own 12.53% of the company's stock.

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.