Rocky Mountain Dealerships Inc. (TSE:RME) declared a quarterly dividend on Thursday, September 12th, TickerTech reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.1225 per share on Monday, September 30th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Thursday, September 12th.

Shares of RME traded down C$0.02 during mid-day trading on Wednesday, hitting C$7.17. The stock had a trading volume of 9,688 shares, compared to its average volume of 19,147. Rocky Mountain Dealerships has a 52 week low of C$6.50 and a 52 week high of C$10.67. The company has a debt-to-equity ratio of 277.54, a current ratio of 1.28 and a quick ratio of 0.07. The business has a fifty day moving average price of C$6.92 and a 200-day moving average price of C$8.18. The firm has a market cap of $132.87 million and a P/E ratio of 14.06.

Rocky Mountain Dealerships (TSE:RME) last released its quarterly earnings data 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 company had revenue of C$194.57 million for the quarter, compared to analyst estimates of C$311.86 million. As a group, research analysts expect that Rocky Mountain Dealerships will post 0.75 earnings per share for the current fiscal year.

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

Rocky Mountain Dealerships Company Profile

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.

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Dividend History for Rocky Mountain Dealerships (TSE:RME)

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