Douglas Dynamics, Inc. (NYSE:PLOW) Declares Quarterly Dividend of $0.30

Douglas Dynamics, Inc. (NYSE:PLOW) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.295 per share by the auto parts company on Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Tuesday, March 18th.

Douglas Dynamics has raised its dividend by an average of 1.2% annually over the last three years. Douglas Dynamics has a dividend payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Douglas Dynamics to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 72.0%.

Douglas Dynamics Trading Up 2.5 %

NYSE PLOW traded up $0.68 on Wednesday, hitting $27.59. 266,895 shares of the company were exchanged, compared to its average volume of 161,735. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $30.98. The company’s 50 day moving average price is $24.87 and its 200-day moving average price is $25.83. The firm has a market capitalization of $637.16 million, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21.

Analyst Upgrades and Downgrades

PLOW has been the topic of several analyst reports. Robert W. Baird lowered their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. DA Davidson reissued a “buy” rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday. Finally, StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.