Oshkosh Corporation (OSK) to Distribute Quarterly Dividend of $0.57 on November 30th

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 16th will be paid a dividend of $0.57 per share on Monday, November 30th. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th.

Oshkosh has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 13 years. Oshkosh has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $13.65 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 16.7%.

Oshkosh Stock Performance

Shares of OSK stock opened at $139.37 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market capitalization of $8.60 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.26. The company’s 50 day moving average price is $139.82 and its two-hundred day moving average price is $146.40. Oshkosh has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.94 billion. Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 EPS. On average, analysts expect that Oshkosh will post 8.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Oshkosh

In related news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total value of $116,700.00. Following the sale, the director owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Oshkosh in the second quarter valued at about $913,816,000. Bank of America Corp DE bought a new position in Oshkosh during the second quarter worth about $135,656,000. Bank of New York Mellon Corp acquired a new stake in Oshkosh in the 2nd quarter worth about $92,996,000. Equity Investment Corp acquired a new stake in Oshkosh in the 2nd quarter worth about $91,735,000. Finally, Pzena Investment Management LLC acquired a new stake in Oshkosh in the 2nd quarter worth about $63,812,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.