Rush Enterprises, Inc. (NASDAQ:RUSHB) declared a quarterly dividend on Wednesday, February 10th, Zacks reports. Stockholders of record on Thursday, February 25th will be given a dividend of 0.18 per share on Tuesday, March 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, February 24th. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.14.
Rush Enterprises has a dividend payout ratio of 28.5% indicating that its dividend is sufficiently covered by earnings.
Shares of NASDAQ:RUSHB opened at $38.21 on Tuesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 21.88 and a beta of 1.33. Rush Enterprises has a 1 year low of $14.43 and a 1 year high of $43.48. The company has a current ratio of 1.25, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $40.02 and a 200 day simple moving average of $39.31.
Rush Enterprises Company Profile
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, Mitsubishi Fuso, 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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