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

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, 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 dividend on an annualized basis and a dividend yield of 1.29%. 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. Equities research analysts expect Rush Enterprises to earn $4.93 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 14.6%.

Rush Enterprises Trading Down 4.4 %

Shares of Rush Enterprises stock traded down $2.58 on Friday, reaching $55.72. The company had a trading volume of 370,896 shares, compared to its average volume of 287,541. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The firm's 50-day moving average price is $58.16 and its two-hundred day moving average price is $56.09. Rush Enterprises has a 1 year low of $40.99 and a 1 year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. As a group, research analysts predict that Rush Enterprises will post 3.91 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Separately, Stephens reissued an "overweight" rating and set a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday.

Insider Buying and Selling

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the sale, the director now directly owns 15,771 shares of the company's stock, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.53% of the stock is owned by corporate insiders.

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.