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

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

Harley-Davidson has raised 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. 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’s stock had a trading volume of 1,169,056 shares, compared to its average volume of 1,710,475. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.46 and a beta of 1.46. Harley-Davidson has a 1-year low of $29.67 and a 1-year high of $44.16. The company has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $35.08.

Analyst Ratings Changes

HOG has been the subject of a number of research reports. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Citigroup reduced their price objective 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. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America cut their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.57.

Insider Transactions at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

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.