Dividend Paying Stock: Harley-Davidson, Inc. (NYSE:HOG)

Dividend Paying Stock: Harley-Davidson, Inc. (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) share price jumped at US$61.05 before falling back to end the trade at US$61.01 a share. The dividend stock is -3.77% off a 52-week high stock price of US$63.4 but is up 49.34% since hitting the US$41.63. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 16.02.

After a 0.68% rise from previous close of US$60.6, Harley-Davidson, Inc. (HOG) has a US$10.77 Billion market cap. The company pays a US$0.365-cent-per-share quarterly dividend, giving it a 2.39% yield. That brings its full year payout to US$1.46 and 36.6% annual payout ratio based on EPS. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 12.90% and 3.82%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Recreational Products industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.

The HOG has soared 5.25% year-to-date. The equity has gained steam in recent weeks, with shares up about 6.03% in the past three months. It added 0.79%, climbed 4.47% and jumped 16.87% in the week, one month and six months, respectively. Revenue growth rate was recorded at 2.5% and net income per share was seen moving at a 10.4% rate in the past five years.

Harley-Davidson, Inc. (NYSE:HOG) is over -6% below analysts’ consensus price target of US$58.67. The stock has blown through analysts’ low price target of US$51, but is still below the high US$72 target. On a price appreciation basis over the past 12 months, the stock returned 22.09%.

Financial Times data shows, In 2016, Harley-Davidson Inc reported a dividend of 1.40 USD, which represents a 12.90% increase over last year. The 13 analysts covering the company expect dividends of 1.44 USD for the upcoming fiscal year, an increase of 3.07%. The most recent short interest data show 7.54% of the company’s stock are short sold. It would take about 7.03 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.81 and technical analysis volatility indicator called Average True Range or ATR around 1.04.

Harley-Davidson, Inc. (NYSE:HOG) closed 12.08% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 4.28% above another chart threshold, its 50-day moving average and 1.38% above its 20-day simple moving average.

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Published at Fri, 31 Mar 2017 13:41:15 +0000

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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