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

Douglas Dynamics, Inc. (NYSE:PLOW) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Stockholders 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 4.64%. The ex-dividend date of this dividend is Monday, December 16th.

Douglas Dynamics has increased its dividend by an average of 1.8% per year over the last three years and has raised 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. 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 Performance

PLOW traded up $0.09 on Friday, reaching $25.41. 113,515 shares of the stock were exchanged, compared to its average volume of 212,812. The company’s 50-day moving average price is $25.70 and its 200 day moving average price is $25.66. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week 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 capitalization of $586.82 million, a PE ratio of 11.06, a PEG ratio of 1.42 and a beta of 1.20.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLOW. Robert W. Baird dropped their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

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.