Harley-Davidson Inc (NYSE:HOG) declared a dividend on Tuesday, February 6th, Fidelity reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.37 per share on Friday, March 2nd. This represents a yield of 0.00761003702180173%. The ex-dividend date of this dividend is Tuesday, February 13th.
Harley-Davidson has raised its dividend payment by an average of 9.9% per year over the last three years and has raised its dividend every year for the last 7 years. Harley-Davidson has a dividend payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 34.9%.
Harley-Davidson (HOG) opened at $48.62 on Wednesday. Harley-Davidson has a 1 year low of $44.52 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market cap of $7,808.90, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.44 and a beta of 0.84.
Several brokerages have commented on HOG. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Monday. Wedbush decreased their target price on shares of Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus decreased their target price on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co decreased their target price on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $52.00.
In other news, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.
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Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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