Harley-Davidson, Inc. Declares Quarterly Dividend of $0.37 (HOG)
Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Wednesday, August 30th, Wall Street Journal reports. Stockholders of record on Tuesday, September 12th will be given a dividend of 0.365 per share on Friday, September 22nd. This represents a $1.46 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, September 11th.
Harley-Davidson has increased its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Harley-Davidson has a dividend payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $3.76 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 38.8%.
Shares of Harley-Davidson (NYSE:HOG) opened at 47.19 on Thursday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 13.82 and a beta of 0.84. The stock’s 50 day moving average price is $48.77 and its 200 day moving average price is $54.73. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company posted $1.55 earnings per share. Harley-Davidson’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts expect that Harley-Davidson will post $3.39 EPS for the current year.
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HOG has been the subject of a number of research reports. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $53.00 price target on shares of Harley-Davidson in a report on Sunday, June 18th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. UBS AG restated a “neutral” rating and issued a $57.00 price target on shares of Harley-Davidson in a report on Monday, June 26th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of Harley-Davidson in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.06.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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