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

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Wednesday, November 27th,RTT News reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.1725 per share on Monday, December 23rd. This represents a $0.69 dividend on an annualized basis and a dividend 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 dividend payout ratio of 16.8% indicating that 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 Price Performance

HOG opened at $33.74 on Friday. The business has a fifty day moving average of $34.52 and a 200 day moving average of $35.07. Harley-Davidson has a 52-week low of $29.67 and a 52-week high of $44.16. 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 stock has a market cap of $4.30 billion, a P/E ratio of 7.60, a PEG ratio of 0.45 and a beta of 1.46.

Analyst Upgrades and Downgrades

HOG has been the subject of several research reports. Citigroup lowered their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 25th. UBS Group reduced 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. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America reduced their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.57.

Insider Buying and Selling at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.