Oshkosh Corporation Plans Quarterly Dividend of $0.57 (NYSE:OSK)

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, May 26th will be given a dividend of 0.57 per share on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 26th.

Oshkosh has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Oshkosh has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh to earn $13.74 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 16.6%.

Oshkosh Price Performance

NYSE:OSK opened at $128.44 on Friday. The company has a 50-day moving average of $143.79 and a 200-day moving average of $143.78. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.63 and a beta of 1.33. Oshkosh has a 52 week low of $96.03 and a 52 week high of $180.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, equities research analysts anticipate that Oshkosh will post 11 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the sale, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OSK. Southpoint Capital Advisors LP bought a new position in shares of Oshkosh in the 4th quarter valued at about $175,882,000. Norges Bank bought a new position in shares of Oshkosh in the 4th quarter valued at about $127,907,000. First Trust Advisors LP boosted its stake in shares of Oshkosh by 408.7% in the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock valued at $152,490,000 after purchasing an additional 975,206 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after purchasing an additional 822,874 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Oshkosh by 143.9% in the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock valued at $149,896,000 after purchasing an additional 704,022 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.