Douglas Dynamics, Inc. (NYSE:PLOW) Declares Quarterly Dividend of $0.29

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Monday, June 7th, Zacks reports. Shareholders of record on Friday, June 18th will be paid a dividend of 0.285 per share by the auto parts company on Wednesday, June 30th. This represents a $1.14 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, June 17th.

Douglas Dynamics stock traded up $0.79 during trading hours on Wednesday, reaching $45.64. 49,289 shares of the company were exchanged, compared to its average volume of 82,935. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -13.62 and a beta of 0.78. The company has a current ratio of 2.84, a quick ratio of 1.23 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $44.74. Douglas Dynamics has a 12 month low of $31.37 and a 12 month high of $51.44.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Sunday, May 2nd. The auto parts company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. Douglas Dynamics had a positive return on equity of 17.71% and a negative net margin of 14.69%. The company had revenue of $103.34 million during the quarter, compared to analysts’ expectations of $77.10 million. During the same period in the prior year, the business earned ($0.34) earnings per share. Douglas Dynamics’s revenue for the quarter was up 51.6% compared to the same quarter last year. Equities research analysts forecast that Douglas Dynamics will post 1.66 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Craig Hallum upped their target price on Douglas Dynamics from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, February 24th. TheStreet lowered Douglas Dynamics from a “b-” rating to a “c+” rating in a research note on Monday, April 5th. Finally, Zacks Investment Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 28th.

About Douglas Dynamics

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.

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Dividend History for Douglas Dynamics (NYSE:PLOW)

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