Harley-Davidson, Inc. (HOG) to Distribute Quarterly Dividend of $0.19 on September 29th

Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) declared a quarterly dividend on Thursday, September 3rd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.1875 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th.

Harley-Davidson has raised its dividend 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. Research analysts expect Harley-Davidson to earn $1.67 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 44.9%.

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Harley-Davidson Stock Performance

HOG opened at $27.80 on Friday. The firm’s fifty day simple moving average is $26.67 and its two-hundred day simple moving average is $23.93. Harley-Davidson has a 52-week low of $17.09 and a 52-week high of $31.25. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 9.16 and a beta of 1.29. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Equities analysts anticipate that Harley-Davidson will post 0.56 earnings per share for the current fiscal year.

About Harley-Davidson

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Harley-Davidson, Inc is a Milwaukee, Wisconsin-based motorcycle company founded in 1903. Through its Harley-Davidson Motor Company business, it designs, manufactures and sells heavyweight motorcycles known for their touring, cruiser and performance-oriented models. The company also markets motorcycle parts, accessories, riding gear, apparel and branded merchandise.

Harley-Davidson sells its products through a network of independently owned dealerships and other distribution channels in North America and international markets, including Europe, the Middle East, Africa, Asia-Pacific and Latin America.

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