Douglas Dynamics, Inc. (NYSE:PLOW) to Issue Quarterly Dividend of $0.29

Key Points

• Douglas Dynamics declared a quarterly dividend of $0.295 per share, payable September 30 to shareholders of record on September 15. The dividend implies an annualized payout of approximately $1.18 per share and a 2.8% yield.
• The dividend appears well covered, with a current earnings payout ratio of 51.1% and an expected future payout ratio of 39.9% based on projected earnings.
• Analyst sentiment is moderately bullish: the stock has an average “Moderate Buy” rating and a consensus price target of $51.67, versus a recent trading price of $42.16.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 15th will be given a dividend of 0.295 per share by the auto parts company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th.

Douglas Dynamics has increased its dividend by an average of 0.0%annually over the last three years. Douglas Dynamics has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Douglas Dynamics to earn $2.96 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 39.9%.

Douglas Dynamics Price Performance

Shares of NYSE PLOW traded up $0.86 during midday trading on Friday, reaching $42.16. 159,976 shares of the stock traded hands, compared to its average volume of 247,485. Douglas Dynamics has a one year low of $28.52 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.16 and a quick ratio of 1.03. The company's 50 day moving average is $44.40 and its 200 day moving average is $44.64. The stock has a market capitalization of $973.05 million, a PE ratio of 19.16, a P/E/G ratio of 0.91 and a beta of 1.19.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.14. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The firm had revenue of $214.65 million for the quarter, compared to the consensus estimate of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. On average, equities research analysts anticipate that Douglas Dynamics will post 2.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLOW shares. Freedom Capital raised Douglas Dynamics from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Robert W. Baird cut their target price on Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings upgraded Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. DA Davidson set a $57.00 price target on Douglas Dynamics in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $51.67.

About Douglas Dynamics

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company's product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.

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