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

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Wednesday, February 26th, 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 yield of 4.27%. The ex-dividend date of this dividend is Tuesday, March 18th.

Douglas Dynamics has raised its dividend payment by an average of 1.2% annually over the last three years. Douglas Dynamics has a dividend payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of Douglas Dynamics stock traded up $0.71 during midday trading on Wednesday, reaching $27.62. The company had a trading volume of 201,724 shares, compared to its average volume of 159,870. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $30.98. The company has a market capitalization of $637.86 million, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $24.87 and a 200 day simple moving average of $25.83.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLOW. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday. Finally, Robert W. Baird cut their price objective 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.

About Douglas Dynamics

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.