Harley-Davidson, Inc. (NYSE:HOG) to Issue $0.19 Quarterly Dividend

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 8th will be given a dividend of 0.1875 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 8th.

Harley-Davidson has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Harley-Davidson has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 42.9%.

Harley-Davidson Stock Down 2.5%

NYSE:HOG opened at $23.26 on Friday. The stock’s fifty day moving average price is $21.86 and its two-hundred day moving average price is $21.62. Harley-Davidson has a 52-week low of $17.09 and a 52-week high of $31.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 8.47 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson will post 0.66 EPS for the current year.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.