LONDON, UK / ACCESSWIRE / May 23, 2017 / Active Wall St. announces its dividend coverage for Harley-Davidson, Inc. (NYSE: HOG). Shares of the Company will begin trading ex-dividend on May 23, 2017. In order to qualify for a dividend check, investors must own the stock prior to May 22, which is the last day the Company's management will finalize its roster of shareholders who are eligible for dividend payment. Register with us now for your free membership at:
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What is Ex- Dividend?
It is important for an investor to know whether a stock they have planned on purchasing has an ex-dividend status, because in case it does, the dividend would be paid out to the seller. The stockholder will be awarded payment on the ex-dividend date, which means that investors have to wait for the next dividend cycle to receive their first dividend pay-out from the Company.
Milwaukee, Wisconsin, based Harley-Davidson was founded in 1903. The Company primarily manufactures and sells cruiser and touring motorcycles. The company operates through two segments: Motorcycles & Related Products and Financial Services.
The Motorcycles & Related Products segment designs, manufactures, and sells wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services. It offers motorcycle parts and accessories, such as replacement parts, and mechanical and cosmetic accessories; general merchandise, including MotorClothes apparel and riding gears; and various services to its independent dealers comprising motorcycle services, business management training programs, and customized dealer software packages.
On April 29, 2017, Harley-Davidson's Board of Directors approved a cash dividend of $0.365 per share for Q2 2017. The dividend is payable June 09, 2017, to shareholders of record for its common stock as of May 25, 2017. This represents a $1.46 dividend on an annualized basis and a yield of 2.77%.
This is the second consecutive quarter that Harley-Davidson has paid a dividend of $0.365 per share. The Company last raised the dividend from $0.350 per share in February 2017.
Harley-Davidson has increased its dividend every year for the last 5 years. The Company has a dividend payout ratio of 38.6% for every $1.00 earned it pays $0.386 as a dividend, meaning its dividend is sufficiently covered by earnings. For the upcoming year, analysts' consensus for EPS is at $4.15, which means the Company should continue to be able to cover its $1.46 annual dividend comfortably.
Recent Development for Harley-Davidson
On April 18, 2017, Harley-Davidson reported that Q1 2017 net income was $186.4 million on consolidated revenue of $1.50 billion versus net income of $250.5 million on consolidated revenue of $1.75 billion in Q1 2016. The Company's earnings results topped analysts' consensus of $0.99 per share, but missed sales forecasts of $1.35 billion.
At the close of trading session on Monday, May 22, 2017, Harley-Davidson's stock price was slightly up 0.63% to end the day at $52.95. A total volume of 2.74 million shares were exchanged during the session, which was above the 3-month average volume of 2.18 million shares. The Company's share price has gained 20.59% in the past twelve months. The Company's shares are trading at a PE ratio of 15.12 and have a dividend yield of 2.76%. The stock currently has a market cap of $9.29 billion.
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SOURCE: Active Wall Street