Harley-Davidson, Inc. (HOG) to Issue Quarterly Dividend of $0.17 on December 23rd

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 annualized dividend and a dividend yield of 2.05%.

Harley-Davidson has increased its dividend payment by an average of 14.5% annually over the last three years. Harley-Davidson has a payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of HOG opened at $33.74 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The stock has a 50-day moving average of $34.52 and a 200-day moving average of $35.07. The company has a market cap of $4.30 billion, a PE ratio of 7.60, a P/E/G ratio of 0.45 and a beta of 1.46. Harley-Davidson has a one year low of $29.67 and a one year high of $44.16.

Insider Activity

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

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