Douglas Dynamics Inc (NYSE:PLOW) announced a quarterly dividend on Monday, February 25th, Zacks reports. Stockholders of record on Tuesday, March 19th will be paid a dividend of 0.273 per share by the auto parts company on Friday, March 29th. This represents a $1.09 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, March 18th. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.27.

Douglas Dynamics has raised its dividend payment by an average of 6.0% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Douglas Dynamics has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Douglas Dynamics to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.09 annual dividend with an expected future payout ratio of 46.4%.

Shares of PLOW opened at $38.16 on Friday. Douglas Dynamics has a twelve month low of $33.54 and a twelve month high of $49.50. The stock has a market cap of $883.76 million, a PE ratio of 20.19 and a beta of 0.73. The company has a current ratio of 2.52, a quick ratio of 1.43 and a debt-to-equity ratio of 0.86.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, February 25th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. Douglas Dynamics had a return on equity of 16.26% and a net margin of 8.38%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $140.27 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Douglas Dynamics will post 2.12 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Craig Hallum boosted their price objective on Douglas Dynamics from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Monday, January 7th.

In other news, insider Robert L. Mccormick sold 6,687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total transaction of $271,692.81. Following the completion of the transaction, the insider now owns 16,988 shares of the company’s stock, valued at $690,222.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah C. Lauber sold 1,115 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total value of $45,302.45. Following the transaction, the chief financial officer now directly owns 10,579 shares of the company’s stock, valued at approximately $429,824.77. The disclosure for this sale can be found here. Insiders have sold 21,830 shares of company stock valued at $886,953 in the last three months. 3.10% of the stock is owned by insiders.

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Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

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Dividend History for Douglas Dynamics (NYSE:PLOW)

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