Harley-Davidson, Inc. (NYSE:HOG) to Issue $0.17 Quarterly Dividend

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Wednesday, September 4th, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.1725 per share on Friday, September 27th. This represents a $0.69 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, September 16th.

Harley-Davidson has increased its dividend by an average of 14.5% per year over the last three years. Harley-Davidson has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $4.76 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 14.5%.

Harley-Davidson Stock Down 0.2 %

Shares of Harley-Davidson stock traded down $0.09 during trading on Thursday, reaching $37.44. The company had a trading volume of 1,857,435 shares, compared to its average volume of 1,696,372. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. The firm’s fifty day moving average is $35.56 and its 200-day moving average is $36.79. Harley-Davidson has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts anticipate that Harley-Davidson will post 4.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HOG shares. Citigroup cut their target price on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Robert W. Baird raised their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, UBS Group upped their price objective on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.29.

Harley-Davidson announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 19.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

About Harley-Davidson

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.