Rush Enterprises, Inc. (NASDAQ:RUSHA) to Issue $0.17 Quarterly Dividend

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.17 per share on Monday, June 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 8th.

Rush Enterprises has raised its dividend payment by an average of 31.8% per year over the last three years and has raised its dividend every year for the last 5 years.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $1.03 during trading on Thursday, reaching $45.41. The stock had a trading volume of 400,503 shares, compared to its average volume of 378,410. Rush Enterprises has a one year low of $33.37 and a one year high of $53.78. The stock has a market cap of $3.54 billion, a PE ratio of 11.48, a P/E/G ratio of 1.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. The firm's 50 day moving average price is $49.35 and its two-hundred day moving average price is $44.83.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.28% and a net margin of 4.16%. The business had revenue of $1.87 billion during the quarter. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, research analysts forecast that Rush Enterprises will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the transaction, the senior vice president now owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RUSHA has been the topic of a number of recent analyst reports. Stephens reaffirmed an "overweight" rating and set a $60.00 target price on shares of Rush Enterprises in a research report on Wednesday. StockNews.com lowered Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Monday, January 1st.

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.