Rocky Mountain Dealerships Inc. (RME) to Issue Quarterly Dividend of $0.12 on September 30th

Rocky Mountain Dealerships Inc. (TSE:RME) declared a quarterly dividend on Thursday, September 12th, TickerTech reports. Investors of record on Monday, September 30th will be paid a dividend of 0.1225 per share on Monday, September 30th. This represents a $0.49 annualized dividend and a yield of 6.88%. The ex-dividend date is Thursday, September 12th.

Shares of RME stock traded up C$0.17 on Tuesday, hitting C$7.12. The company had a trading volume of 7,520 shares, compared to its average volume of 19,178. Rocky Mountain Dealerships has a twelve month low of C$6.50 and a twelve month high of C$10.67. The company has a debt-to-equity ratio of 277.54, a quick ratio of 0.07 and a current ratio of 1.28. The firm has a market cap of $132.87 million and a P/E ratio of 13.94. The stock’s 50-day moving average is C$6.93 and its two-hundred day moving average is C$8.19.

Rocky Mountain Dealerships (TSE:RME) last released its earnings results on Wednesday, July 31st. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.12). The business had revenue of C$194.57 million for the quarter, compared to analyst estimates of C$311.86 million. Equities research analysts predict that Rocky Mountain Dealerships will post 0.75 EPS for the current year.



RME has been the subject of several research analyst reports. CIBC lowered their price objective on Rocky Mountain Dealerships from C$10.00 to C$9.00 in a research report on Tuesday, July 16th. TD Securities lowered Rocky Mountain Dealerships from a “buy” rating to a “hold” rating and cut their target price for the company from C$11.50 to C$8.50 in a research report on Thursday, August 1st. Raymond James decreased their target price on Rocky Mountain Dealerships from C$11.50 to C$10.50 and set an “outperform” rating for the company in a research note on Thursday, August 1st. National Bank Financial lowered their target price on Rocky Mountain Dealerships from C$8.00 to C$7.50 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lowered their target price on Rocky Mountain Dealerships from C$9.00 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st.

About Rocky Mountain Dealerships

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, rents, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4 wheel-drive tractors, skid steer loaders, excavators, wheel loaders, graders, and equipment for maintaining barns and feedlots.

Further Reading: Example of operating income, EBIT and EBITDA

Dividend History for Rocky Mountain Dealerships (TSE:RME)

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