Rocky Mountain Dealerships Inc. Declares Quarterly Dividend of $0.12 (RME)

Rocky Mountain Dealerships Inc. (TSE:RME) announced a quarterly dividend on Tuesday, May 8th, Zacks reports. Stockholders of record on Thursday, May 31st will be given a dividend of 0.115 per share on Friday, June 29th. This represents a $0.46 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 30th.

RME stock opened at C$10.98 on Friday. Rocky Mountain Dealerships has a 1-year low of C$9.60 and a 1-year high of C$14.34.

Rocky Mountain Dealerships (TSE:RME) last released its quarterly earnings data on Wednesday, May 9th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.15). Rocky Mountain Dealerships had a net margin of 3.80% and a return on equity of 19.81%. The company had revenue of C$219.65 million during the quarter, compared to the consensus estimate of C$226.50 million.

Several equities research analysts have recently weighed in on the company. National Bank Financial lowered their price objective on Rocky Mountain Dealerships from C$17.00 to C$16.00 in a research note on Thursday, May 10th. CIBC lowered their price objective on Rocky Mountain Dealerships from C$15.00 to C$14.00 in a research note on Monday, May 14th. Finally, Raymond James lowered their price objective on Rocky Mountain Dealerships from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, May 10th.

Rocky Mountain Dealerships Company Profile

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, 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 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots.

Dividend History for Rocky Mountain Dealerships (TSE:RME)

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