Investors Snatch REVG Even Lower Than Its Secondary Stock OfferingBy Dividend Channel Staff, Friday, March 15, 11:09 AM ETLooking back to 2 days ago, REV Group Inc (NYSE:REVG) priced a 7,395,191 share secondary stock offering at $18.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Friday, bargain hunters could buy shares of REVG and achieve a cost basis 1.3% cheaper than those buyers, with shares changing hands as low as $17.76 per share. Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, REV Group Inc shares are currently trading off about 3.2% on the day. The chart below shows the one year performance of REVG shares, versus its 200 day moving average:
Looking at the chart above, REVG's low point in its 52 week range is $9.85 per share, with $21.33 as the 52 week high point — that compares with a last trade of $18.76. The current annualized dividend paid by REV Group Inc is $0.2/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/27/2024. Below is a long-term dividend history chart for REVG, which can be of good help in judging whether the most recent dividend with approx. 1.1% annualized yield is likely to continue.
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