Harley-Davidson, Inc. (NYSE:HOG) Declares Dividend Increase – $0.19 Per Share

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.1875 per share on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, March 2nd. This is a 4.2% increase from Harley-Davidson’s previous quarterly dividend of $0.18.

Harley-Davidson has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Harley-Davidson has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 16.9%.

Harley-Davidson Stock Performance

Shares of NYSE:HOG traded down $0.41 on Friday, reaching $17.98. 4,775,996 shares of the company’s stock were exchanged, compared to its average volume of 3,653,073. Harley-Davidson has a twelve month low of $17.93 and a twelve month high of $31.25. The company has a fifty day moving average of $20.34 and a 200-day moving average of $24.37. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.91 and a beta of 1.39. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($1.52). The company had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.93) earnings per share. On average, research analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

HOG has been the topic of a number of recent analyst reports. UBS Group decreased their price target on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. DA Davidson decreased their target price on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $24.00 price target on shares of Harley-Davidson in a report on Wednesday, February 11th. Zacks Research cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Harley-Davidson in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.50.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.