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

Harley-Davidson, Inc. (NYSE:HOGGet Free Report) announced a quarterly dividend on Friday, May 17th, RTT News reports. Investors of record on Wednesday, June 5th will be paid a dividend of 0.1725 per share on Friday, June 21st. This represents a $0.69 annualized dividend and a dividend yield of 1.95%.

Harley-Davidson has increased its dividend by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 4 years. Harley-Davidson has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

HOG opened at $35.39 on Friday. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $44.16. The stock has a market cap of $4.76 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 1.11 and a beta of 1.48. The business’s 50 day moving average is $39.15 and its 200-day moving average is $35.60. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50.

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

Analyst Ratings Changes

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

View Our Latest Report on HOG

Harley-Davidson Company Profile

(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.

Further Reading

Dividend History for Harley-Davidson (NYSE:HOG)

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