Douglas Dynamics, Inc. (NYSE:PLOW) to Issue $0.30 Quarterly Dividend

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.295 per share by the auto parts company on Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Monday, December 16th.

Douglas Dynamics has raised its dividend by an average of 1.8% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Douglas Dynamics has a dividend payout ratio of 61.1% meaning its dividend is sufficiently covered by earnings. Research 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 0.4 %

Shares of NYSE PLOW opened at $25.41 on Friday. The stock has a market capitalization of $586.72 million, a P/E ratio of 11.05, a PEG ratio of 1.44 and a beta of 1.20. The stock’s 50 day moving average price is $25.65 and its two-hundred day moving average price is $25.66. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a 52-week low of $21.31 and a 52-week high of $31.39.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PLOW shares. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

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.