Harley-Davidson, Inc. (HOG) to Issue Quarterly Dividend of $0.17 on June 21st

Harley-Davidson, Inc. (NYSE:HOGGet Free Report) declared a quarterly dividend on Friday, May 17th, RTT News reports. Shareholders of record on Wednesday, June 5th will be given a dividend of 0.1725 per share on Friday, June 21st. This represents a $0.69 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, June 5th.

Harley-Davidson has increased its dividend by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Harley-Davidson has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $4.94 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 14.0%.

Harley-Davidson Stock Up 2.1 %

HOG stock opened at $35.88 on Monday. Harley-Davidson has a one year low of $25.43 and a one year high of $44.16. The firm has a market cap of $4.83 billion, a PE ratio of 7.97, a PEG ratio of 1.12 and a beta of 1.47. The firm’s 50 day moving average price is $37.91 and its 200-day moving average price is $36.17. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54.

Harley-Davidson (NYSE:HOGGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. On average, equities research analysts anticipate that Harley-Davidson will post 4.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley started coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price on the stock. BMO Capital Markets lowered their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. DA Davidson boosted their target price on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Bank of America raised their price target on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Citigroup boosted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Harley-Davidson has an average rating of “Moderate Buy” and an average target price of $46.43.

Read Our Latest Stock Analysis on HOG

About Harley-Davidson

(Get Free Report)

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.

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Dividend History for Harley-Davidson (NYSE:HOG)

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