Douglas Dynamics, Inc. (PLOW) to Issue Quarterly Dividend of $0.30 on December 31st

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Friday, December 5th. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.295 per share by the auto parts company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, December 16th.

Douglas Dynamics has raised its dividend by an average of 0.0%per year over the last three years. Douglas Dynamics has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. 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 Down 0.3%

PLOW stock opened at $33.94 on Friday. Douglas Dynamics has a fifty-two week low of $21.30 and a fifty-two week high of $34.41. The company has a market capitalization of $781.98 million, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.20 and a beta of 1.28. The business’s 50 day moving average price is $31.23 and its two-hundred day moving average price is $30.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $163.27 million. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. As a group, analysts forecast that Douglas Dynamics will post 1.3 earnings per share for the current fiscal year.

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.