Harley-Davidson, Inc. (NYSE:HOG) Plans $0.17 Quarterly Dividend

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Wednesday, November 27th,RTT News reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.1725 per share on Monday, December 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.05%.

Harley-Davidson has raised its dividend by an average of 14.5% per year over the last three years. Harley-Davidson has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 16.4%.

Harley-Davidson Stock Up 0.8 %

Shares of Harley-Davidson stock traded up $0.28 during trading on Wednesday, reaching $33.74. The company had a trading volume of 1,169,056 shares, compared to its average volume of 1,710,475. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.46. The firm’s fifty day moving average is $34.61 and its 200-day moving average is $35.08. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson has a fifty-two week low of $29.67 and a fifty-two week high of $44.16.

Insiders Place Their Bets

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the transaction, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HOG. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup cut their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. UBS Group dropped their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.57.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.