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

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, December 10th. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.06 per share on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 24th.

REV Group has raised its dividend payment by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 1 years. REV Group has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

REVG traded up $3.44 during trading on Wednesday, hitting $59.09. The company’s stock had a trading volume of 1,424,032 shares, compared to its average volume of 783,613. The business’s 50 day simple moving average is $54.71 and its 200-day simple moving average is $51.73. The firm has a market cap of $2.88 billion, a PE ratio of 27.87 and a beta of 1.13. REV Group has a one year low of $26.51 and a one year high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23.

Institutional Trading of REV Group

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after purchasing an additional 499,328 shares during the last quarter. Seven Six Capital Management LLC lifted its holdings in shares of REV Group by 4.7% in the 1st quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company’s stock worth $2,922,000 after buying an additional 4,150 shares during the period. Invesco Ltd. grew its holdings in REV Group by 9.4% during the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock worth $59,869,000 after acquiring an additional 163,026 shares in the last quarter. Synovus Financial Corp increased its position in REV Group by 13.8% during the 1st quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock valued at $1,235,000 after purchasing an additional 4,743 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in REV Group during the first quarter valued at approximately $4,263,000.

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.