Harley-Davidson, Inc. (NYSE:HOG) Raises Dividend to $0.18 Per Share

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.18 per share on Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.80%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17.

Harley-Davidson has raised its dividend payment by an average of 4.8% annually over the last three years. Harley-Davidson has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $4.43 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 15.6%.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $25.76 on Friday. The stock has a 50 day moving average price of $29.16 and a 200 day moving average price of $33.19. Harley-Davidson has a 52 week low of $25.25 and a 52 week high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period last year, the firm earned $0.18 EPS. Analysts predict that Harley-Davidson will post 3.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on HOG shares. Bank of America dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. DA Davidson dropped their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Citigroup dropped their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley dropped their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $34.57.

Harley-Davidson Company Profile

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.