Harley-Davidson Inc (NYSE:HOG) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Stockholders of record on Tuesday, September 17th will be given a dividend of 0.375 per share on Friday, September 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, September 16th.
Harley-Davidson has raised its dividend by an average of 16.8% annually over the last three years and has raised its dividend every year for the last 8 years. Harley-Davidson has a dividend payout ratio of 38.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $3.65 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 41.1%.
Harley-Davidson stock opened at $36.66 on Friday. The firm has a market cap of $5.65 billion, a PE ratio of 9.70, a P/E/G ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. The firm’s 50 day moving average price is $33.19 and its two-hundred day moving average price is $35.56. Harley-Davidson has a twelve month low of $30.17 and a twelve month high of $46.22.
In other Harley-Davidson news, VP Paul J. Jones sold 11,884 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $35.15, for a total value of $417,722.60. Following the completion of the sale, the vice president now directly owns 9,575 shares of the company’s stock, valued at $336,561.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John A. Olin sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total transaction of $1,078,800.00. Following the completion of the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at $3,182,460. The disclosure for this sale can be found here. Insiders sold 45,510 shares of company stock valued at $1,626,297 over the last three months. Insiders own 0.86% of the company’s stock.
Several research analysts have weighed in on HOG shares. Morgan Stanley dropped their price objective on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Northcoast Research reiterated a “hold” rating on shares of Harley-Davidson in a research note on Tuesday, June 4th. Wedbush set a $35.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research note on Friday, July 12th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $41.00.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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