REV Group, Inc. (NYSE:REVG) Announces Quarterly Dividend of $0.06

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.06 per share on Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, March 28th.

REV Group has raised its dividend payment by an average of 11.9% per year over the last three years. REV Group has a dividend payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect REV Group to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.4%.

REV Group Stock Up 7.3 %

REVG opened at $30.00 on Friday. REV Group has a one year low of $17.76 and a one year high of $36.00. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 6.68 and a beta of 1.60. The business’s fifty day moving average is $32.71 and its two-hundred day moving average is $30.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

Analyst Ratings Changes

REVG has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. Robert W. Baird boosted their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson boosted their price target on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, REV Group presently has a consensus rating of “Hold” and an average price target of $33.75.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.