Harley-Davidson, Inc. (NYSE:HOG) Announces Dividend Increase - $0.18 Per Share

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.18 per share on Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.74%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17.

Harley-Davidson has increased its dividend by an average of 4.8% per year over the last three years. Harley-Davidson has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $4.43 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 15.6%.

Harley-Davidson Stock Up 2.2 %

Shares of Harley-Davidson stock traded up $0.56 during midday trading on Tuesday, hitting $26.31. The company had a trading volume of 386,687 shares, compared to its average volume of 2,289,255. The company has a 50 day moving average of $29.00 and a 200 day moving average of $33.05. The stock has a market capitalization of $3.35 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.36 and a beta of 1.46. Harley-Davidson has a 52-week low of $25.25 and a 52-week high of $44.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period in the prior year, the company earned $0.18 EPS. On average, equities analysts predict that Harley-Davidson will post 3.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HOG. Bank of America dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. DA Davidson cut their target price on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. UBS Group lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley cut their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Harley-Davidson has a consensus rating of "Hold" and a consensus target price of $34.57.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.