Rush Enterprises, Inc. (NASDAQ:RUSHB) Declares Dividend Increase – $0.19 Per Share

Rush Enterprises, Inc. (NASDAQ:RUSHB) declared a quarterly dividend on Tuesday, July 20th, Zacks reports. Shareholders of record on Tuesday, August 10th will be paid a dividend of 0.19 per share on Friday, September 10th. This represents a $0.76 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, August 9th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.18.

RUSHB stock traded up $1.43 during mid-day trading on Thursday, hitting $43.19. 16,036 shares of the company were exchanged, compared to its average volume of 18,569. The company has a quick ratio of 0.50, a current ratio of 1.36 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 13.89 and a beta of 1.26. The firm’s fifty day simple moving average is $40.80. Rush Enterprises has a 12-month low of $24.18 and a 12-month high of $47.10.

Rush Enterprises (NASDAQ:RUSHB) last announced its earnings results on Tuesday, July 20th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.21. Rush Enterprises had a net margin of 3.57% and a return on equity of 14.06%.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Dividend History for Rush Enterprises (NASDAQ:RUSHB)

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