Harley-Davidson, Inc. (NYSE:HOG) Declares Dividend Increase - $0.19 Per Share

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.1875 per share on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, March 2nd. This is a 4.2% increase from Harley-Davidson's previous quarterly dividend of $0.18.Get Harley-Davidson alerts:Harley-Davidson Tops Watchlists: Value Trap or Turnaround Play?Harley-Davidson has raised its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $4.43 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 16.9%. Harley-Davidson Stock PerformanceShares of NYSE:HOG traded down $0.41 on Friday, reaching $17.98. 4,775,996 shares of the company's stock were exchanged, compared to its average volume of 3,653,073. Harley-Davidson has a twelve month low of $17.93 and a twelve month high of $31.25. The company has a fifty day moving average of $20.34 and a 200-day moving average of $24.37. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.91 and a beta of 1.39. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52. 15 best consumer discretionary stocks for the rest of 2023Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($1.52). The company had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The company's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.93) earnings per share. On average, research analysts predict that Harley-Davidson will post 3.44 EPS for the current fiscal year. Analyst Ratings ChangesHOG has been the topic of a number of recent analyst reports. UBS Group decreased their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, November 13th. DA Davidson decreased their target price on shares of Harley-Davidson from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an "outperform" rating and set a $24.00 price target on shares of Harley-Davidson in a report on Wednesday, February 11th. Zacks Research cut shares of Harley-Davidson from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Harley-Davidson in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.50.MarketBeat ‘Stock of the Week’: LiveWire, EV play on two wheelsView Our Latest Stock Analysis on HOGHarley-Davidson Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Harley-Davidson3 Signs You May Want to Switch Financial Advisors1,500 Banks Just Handed the Fed Your Bank AccountUnlocked: Elon Musk’s Next Big IPOYour name isn't on our protected list yetThe Man Who Predicted the iPhone Says Buy These 3 CompaniesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Harley-Davidson Right Now?Before you consider Harley-Davidson, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Harley-Davidson wasn't on the list.While Harley-Davidson currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here