Harley-Davidson, Inc. Announces Quarterly Dividend of $0.17 (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Wednesday, November 27th,RTT News reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.1725 per share on Monday, December 23rd. This represents a $0.69 dividend on an annualized basis and a yield of 2.05%.

Harley-Davidson has raised its dividend by an average of 14.5% annually over the last three years. Harley-Davidson has a payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $4.20 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 16.4%.

Harley-Davidson Stock Up 0.8 %

Shares of NYSE HOG opened at $33.74 on Thursday. Harley-Davidson has a 12-month low of $29.67 and a 12-month high of $44.16. The stock’s fifty day simple moving average is $34.61 and its two-hundred day simple moving average is $35.08. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $4.30 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HOG shares. Bank of America decreased their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. UBS Group lowered their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Citigroup dropped their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.57.

Insider Activity

In other news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

About Harley-Davidson

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.