Harley-Davidson Inc (NYSE:HOG) announced a quarterly dividend on Monday, May 1st. Shareholders of record on Thursday, May 25th will be paid a dividend of 0.365 per share on Friday, June 9th. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, May 23rd.
Harley-Davidson has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 6 years. Harley-Davidson has a dividend payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $ 4.15 per share next year, which means the company should continue to be able to cover its $ 1.46 annual dividend with an expected future payout ratio of 35.2%.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.74% during mid-day trading on Monday, reaching $ 56.39. The company’s stock had a trading volume of 2,171,061 shares. The firm has a market cap of $ 9.92 billion, a price-to-earnings ratio of 16.08 and a beta of 0.88. The company’s 50-day moving average is $ 59.86 and its 200 day moving average is $ 58.34. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period last year, the firm earned $ 1.36 EPS. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post $ 3.76 EPS for the current year.
Several brokerages have commented on HOG. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Raymond James Financial, Inc. raised shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson raised shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada lifted their price objective on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $ 56.12.
WARNING: This piece of content was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/05/01/harley-davidson-inc-hog-announces-0-37-quarterly-dividend.html.
In related news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with MarketBeat.com’s FREE daily email newsletter.