Harley-Davidson, Inc. (HOG) to Issue Quarterly Dividend of $0.18 on June 18th

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Monday, June 2nd will be given a dividend of 0.18 per share on Wednesday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, June 2nd.

Harley-Davidson has raised its dividend by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Harley-Davidson has a payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 16.3%.

Harley-Davidson Price Performance

HOG stock opened at $24.41 on Friday. The business has a 50 day moving average price of $23.79 and a 200 day moving average price of $27.72. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 0.38 and a beta of 1.30. Harley-Davidson has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company’s revenue was down 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. Equities research analysts anticipate that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on HOG shares. Morgan Stanley cut their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Robert W. Baird boosted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Harley-Davidson in a research note on Wednesday, April 9th. Finally, Citigroup dropped their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.17.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.