Douglas Dynamics Inc (PLOW) Announces Quarterly Dividend of $0.27
Douglas Dynamics Inc (NYSE:PLOW) announced a quarterly dividend on Monday, February 25th, Zacks reports. Stockholders of record on Tuesday, March 19th will be given a dividend of 0.273 per share by the auto parts company on Friday, March 29th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, March 18th. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.27.
Douglas Dynamics has raised its dividend payment by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Douglas Dynamics has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Douglas Dynamics to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.09 annual dividend with an expected future payout ratio of 46.4%.
NYSE:PLOW opened at $38.16 on Friday. The company has a market cap of $883.76 million, a PE ratio of 20.19 and a beta of 0.73. Douglas Dynamics has a fifty-two week low of $33.54 and a fifty-two week high of $49.50. The company has a quick ratio of 1.43, a current ratio of 2.52 and a debt-to-equity ratio of 0.86.
In related news, CFO Sarah C. Lauber sold 1,115 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total transaction of $45,302.45. Following the completion of the transaction, the chief financial officer now owns 10,579 shares in the company, valued at $429,824.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman James L. Janik sold 14,028 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $40.63, for a total value of $569,957.64. Following the transaction, the chairman now owns 218,002 shares of the company’s stock, valued at approximately $8,857,421.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,830 shares of company stock valued at $886,953. 3.10% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on the company. ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Craig Hallum upped their target price on Douglas Dynamics from $43.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 27th.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.watchlistnews.com/douglas-dynamics-inc-plow-announces-quarterly-dividend-of-0-27/2896638.html.
About Douglas Dynamics
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light and heavy duty trucks, as well as various related parts and accessories.
Featured Article: What are earnings reports?
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.