Harley-Davidson, Inc. (NYSE:HOG) Raises Dividend to $0.19 Per Share

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.1875 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend 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 increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Harley-Davidson has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 2.2%

Shares of HOG traded down $0.41 on Friday, reaching $17.98. The company’s stock had a trading volume of 4,775,996 shares, 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 stock has a market capitalization of $2.12 billion, a PE 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. The firm has a fifty day moving average of $20.34 and a 200-day moving average of $24.37.

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

Analyst Ratings Changes

HOG has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. UBS Group dropped their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Argus raised shares of Harley-Davidson to a “strong-buy” rating in a research report on Tuesday, February 17th. Loop Capital started coverage on Harley-Davidson in a report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price objective for the company. Finally, Robert W. Baird set a $22.00 price objective on Harley-Davidson in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.