Douglas Dynamics, Inc. (NYSE:PLOW) Declares $0.30 Quarterly Dividend

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.295 per share by the auto parts company on Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Tuesday, March 18th.

Douglas Dynamics has increased its dividend by an average of 1.2% per year over the last three years. Douglas Dynamics has a payout ratio of 50.9% indicating that 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 Up 2.5 %

Shares of Douglas Dynamics stock opened at $27.59 on Thursday. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $30.98. The business has a 50-day moving average of $24.93 and a two-hundred day moving average of $25.84. The company has a market capitalization of $637.16 million, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLOW shares. DA Davidson reiterated a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday. Robert W. Baird decreased their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday.

Douglas Dynamics Company Profile

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.