Rush Enterprises reports recurring developments tied to its commercial vehicle dealership network, Rush Truck Centers, and related services for truck and bus customers. The company sells new and used commercial vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird, and provides aftermarket parts, service, collision repair, financing, insurance, leasing and rental solutions across U.S. markets and Ontario, Canada.
Company news commonly covers quarterly and annual operating results, aftermarket gross profit and absorption-ratio metrics, Class A and Class B common stock dividends, share repurchase authorization, dealership network activity, vehicle technology offerings, and executive leadership updates.
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) announced a three-for-two stock split on both Class A and Class B common stocks, effective October 12, 2020. Stockholders of record as of September 28, 2020, will receive an additional half share for each share held. This split will increase the number of Class A shares from approximately 28.1 million to about 42.2 million and Class B shares from roughly 8.4 million to 12.6 million. Additionally, the CEO stated plans to maintain a quarterly cash dividend of $0.14 per share, effectively raising the dividend by 50%.