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

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.295 per share by the auto parts company on Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 4.64%. The ex-dividend date is Monday, December 16th.

Douglas Dynamics has raised its dividend payment by an average of 1.8% annually over the last three years and has increased its dividend every year for the last 14 years. Douglas Dynamics has a dividend payout ratio of 61.1% meaning its dividend is sufficiently covered by earnings. 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 Performance

PLOW traded up $0.09 during trading hours on Friday, hitting $25.41. The stock had a trading volume of 113,515 shares, compared to its average volume of 212,812. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a market cap 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. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39. The company’s fifty day simple moving average is $25.70 and its 200 day simple moving average is $25.66.

Analyst Upgrades and Downgrades

PLOW has been the topic of a number of analyst reports. Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

About Douglas Dynamics

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.