Rush Enterprises, Inc. reports developments tied to its commercial vehicle dealership network, Rush Truck Centers, and related aftermarket operations. The company sells new and used commercial vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird, and provides parts, service, collision repair, financing, insurance, leasing and rental offerings across the United States and Ontario, Canada.
Recurring updates include quarterly and annual earnings, absorption ratio trends, Class 8 truck demand, aftermarket parts and service performance, dividends, stock repurchase authorization, dealership network expansion and executive leadership changes.
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%.