Harley-Davidson Inc (NYSE:HOG) to Issue $0.38 Quarterly Dividend

Harley-Davidson Inc (NYSE:HOG) declared a quarterly dividend on Thursday, December 5th, Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.375 per share on Friday, December 27th. This represents a $1.50 annualized dividend and a yield of 4.10%. The ex-dividend date is Friday, December 13th.

Harley-Davidson stock traded up $0.74 during mid-day trading on Friday, hitting $36.62. The company’s stock had a trading volume of 562,709 shares, compared to its average volume of 1,976,555. Harley-Davidson has a 52-week low of $30.17 and a 52-week high of $41.40. The company has a market cap of $5.62 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.11 and a quick ratio of 0.97. The firm’s 50 day moving average is $37.86 and its 200 day moving average is $35.33.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Harley-Davidson had a return on equity of 28.84% and a net margin of 7.55%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, analysts forecast that Harley-Davidson will post 3.39 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Wedbush decreased their target price on shares of Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus set a $39.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research report on Friday, October 25th. KeyCorp downgraded Harley-Davidson from a “sector weight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Monday, November 4th. Finally, Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating and set a $39.00 target price on the stock. in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.25.

In related news, insider Lawrence G. Hund sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $40.22, for a total value of $321,760.00. Following the completion of the sale, the insider now directly owns 10,593 shares in the company, valued at approximately $426,050.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John A. Olin sold 44,465 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $36.91, for a total value of $1,641,203.15. Following the sale, the chief financial officer now directly owns 102,965 shares of the company’s stock, valued at approximately $3,800,438.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,465 shares of company stock valued at $2,778,503. 0.86% of the stock is owned by company insiders.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Dividend History for Harley-Davidson (NYSE:HOG)

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