Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.295 per share by the auto parts company on Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Tuesday, March 18th.
Douglas Dynamics has increased its dividend by an average of 1.2% per year over the last three years. Douglas Dynamics has a payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance
Shares of PLOW traded down $0.29 during midday trading on Friday, reaching $27.02. The stock had a trading volume of 220,867 shares, compared to its average volume of 163,358. The company has a market capitalization of $624.05 million, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $30.98. The company's 50-day moving average is $25.06 and its 200 day moving average is $25.84.
Analyst Upgrades and Downgrades
A number of brokerages have commented on PLOW. StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday. DA Davidson restated a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th.
Check Out Our Latest Stock Report on Douglas Dynamics
About Douglas Dynamics
(
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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.
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