Rush Enterprises, Inc. (RUSHA) to Distribute Quarterly Dividend of $0.14 on December 10th

Rush Enterprises, Inc. (NASDAQ:RUSHA) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Wednesday, November 11th will be given a dividend of $0.14 per share on Thursday, December 10th. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th.

Rush Enterprises has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 6 years. Rush Enterprises has a dividend payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Rush Enterprises to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 19.5%.

Rush Enterprises Price Performance

Shares of RUSHA opened at $44.20 on Friday. Rush Enterprises has a fifty-two week low of $30.94 and a fifty-two week high of $55.74. The firm’s 50-day simple moving average is $46.78 and its two-hundred day simple moving average is $36.70. The stock has a market cap of $5.16 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 1.44.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Analysts anticipate that Rush Enterprises will post 2.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its stake in Rush Enterprises by 50.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 903 shares of the company’s stock valued at $41,000 after acquiring an additional 301 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Rush Enterprises in the 2nd quarter worth $25,000. HB Wealth Management LLC raised its position in Rush Enterprises by 11.0% during the second quarter. HB Wealth Management LLC now owns 3,542 shares of the company’s stock worth $259,000 after acquiring an additional 352 shares during the period. PNC Financial Services Group Inc. raised its position in Rush Enterprises by 40.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,490 shares of the company’s stock worth $99,000 after acquiring an additional 429 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. raised its position in Rush Enterprises by 62.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,207 shares of the company’s stock worth $55,000 after acquiring an additional 463 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.