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

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Monday, December 16th will be given 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 yield of 4.64%. The ex-dividend date of this dividend is Monday, December 16th.

Douglas Dynamics has increased its dividend by an average of 1.8% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Douglas Dynamics has a payout ratio of 61.1% 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 Stock Up 0.4 %

NYSE:PLOW traded up $0.09 during mid-day trading on Friday, reaching $25.41. The company's stock had a trading volume of 113,515 shares, compared to its average volume of 212,812. The firm has a market capitalization of $586.82 million, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. 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 1 year low of $21.31 and a 1 year high of $31.39. The stock has a fifty day moving average of $25.70 and a 200-day moving average of $25.66.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLOW. StockNews.com downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Robert W. Baird dropped their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th.

Douglas Dynamics Company Profile

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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