Harley-Davidson, Inc. (HOG) to Issue Quarterly Dividend of $0.19 on September 29th

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Tuesday, September 15th will be given a dividend of 0.1875 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th.

Harley-Davidson has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Harley-Davidson has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 44.9%.

Harley-Davidson Stock Up 2.2%

HOG stock opened at $28.29 on Friday. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 9.09 and a beta of 1.29. The business’s fifty day moving average price is $26.39 and its two-hundred day moving average price is $23.69.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $0.88 earnings per share. Harley-Davidson’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Loop Capital raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, July 20th. Citigroup increased their price target on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Sunday, July 12th. Weiss Ratings raised Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Finally, DA Davidson increased their target price on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and an average price target of $27.00.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.