Douglas Dynamics, Inc. (NYSE:PLOW) to Issue Quarterly Dividend of $0.30

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.295 per share by the auto parts company on Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, December 16th.

Douglas Dynamics has increased its dividend payment by an average of 1.8% per year over the last three years and has increased its dividend every year for the last 14 years. Douglas Dynamics has a dividend payout ratio of 61.1% meaning its dividend is sufficiently covered by earnings. Equities 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 0.6 %

Shares of NYSE PLOW opened at $25.50 on Friday. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm has a market cap of $588.80 million, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a 50 day simple moving average of $25.48 and a 200 day simple moving average of $25.66.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of recent research reports. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird reduced their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

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.