Oshkosh Co. (NYSE:OSK) to Issue $0.46 Quarterly Dividend

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 15th.

Oshkosh has raised its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 12 years. Oshkosh has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $10.97 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 16.8%.

Oshkosh Price Performance

OSK opened at $106.46 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. Oshkosh has a 1 year low of $86.37 and a 1 year high of $127.98. The stock’s 50 day simple moving average is $102.86 and its 200 day simple moving average is $107.85. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.04 and a beta of 1.19.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. As a group, analysts predict that Oshkosh will post 11.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OSK has been the subject of several recent analyst reports. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Jefferies Financial Group decreased their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Evercore ISI cut their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has an average rating of “Hold” and an average target price of $123.14.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.