Harley-Davidson, Inc. Announces Quarterly Dividend of $0.19 (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 8th will be given a dividend of 0.1875 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 8th.

Harley-Davidson has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Harley-Davidson has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $1.75 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 42.9%.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $23.26 on Friday. The company’s fifty day moving average price is $21.86 and its 200-day moving average price is $21.62. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 8.47 and a beta of 1.27. Harley-Davidson has a one year low of $17.09 and a one year high of $31.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.Harley-Davidson’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. On average, equities research analysts anticipate that Harley-Davidson will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of research analyst reports. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Citigroup increased their price target on shares of Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Robert W. Baird set a $28.00 price target on shares of Harley-Davidson in a report on Wednesday, May 6th. Morgan Stanley increased their price target on shares of Harley-Davidson from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.22.

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.