Harley-Davidson, Inc. (NYSE:HOG) Declares $0.19 Quarterly Dividend

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 8th will be paid a dividend of 0.1875 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 8th.

Harley-Davidson has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Harley-Davidson has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 42.9%.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $23.26 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 8.47 and a beta of 1.27. Harley-Davidson has a 12-month low of $17.09 and a 12-month high of $31.25. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $21.62.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.Harley-Davidson’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. As a group, equities analysts expect that Harley-Davidson will post 0.66 EPS for the current year.

Insider Activity at Harley-Davidson

In related news, Director Rafeh Masood bought 2,775 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average cost of $18.00 per share, with a total value of $49,950.00. Following the transaction, the director owned 7,480 shares in the company, valued at approximately $134,640. This trade represents a 58.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James D. Farley, Jr. sold 6,454 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the sale, the director directly owned 16,205 shares of the company’s stock, valued at approximately $303,195.55. This represents a 28.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,572 shares of company stock valued at $199,041. 0.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Harley-Davidson by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after acquiring an additional 886,998 shares during the period. Donald Smith & CO. Inc. lifted its position in Harley-Davidson by 30.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after acquiring an additional 2,095,477 shares during the period. Dimensional Fund Advisors LP lifted its position in Harley-Davidson by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after acquiring an additional 28,828 shares during the period. Boston Partners lifted its position in Harley-Davidson by 2.1% during the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after acquiring an additional 84,516 shares during the period. Finally, American Century Companies Inc. lifted its position in Harley-Davidson by 1.6% during the 3rd quarter. American Century Companies Inc. now owns 3,946,754 shares of the company’s stock valued at $110,114,000 after acquiring an additional 62,647 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.