Harley-Davidson Inc (NYSE:HOG) said on February 17, 2023 that its board of directors declared a regular quarterly dividend of $0.16 per share ($0.66 annualized). Shareholders of record as of March 3, 2023 will receive the payment on March 20, 2023. Previously, the company paid $0.16 per share.
At the current share price of $47.40 / share, the stock’s dividend yield is 1.39%. Looking back five years and taking a sample every week, the average dividend yield has been 2.54%, the lowest has been 0.20%, and the highest has been 9.91%. The standard deviation of yields is 1.80 (n=237).
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The current dividend yield is 0.64 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.12. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.59%.
Analyst Price Forecast Suggests 9.99% Upside
As of February 20, 2023, the average one-year price target for Harley-Davidson is $52.13. The forecasts range from a low of $39.39 to a high of $68.25. The average price target represents an increase of 9.99% from its latest reported closing price of $47.40.
The projected annual revenue for Harley-Davidson is $5,079MM, a decrease of 11.75%. The projected annual EPS is $4.79, a decrease of 4.38%.
What Is The Fund Sentiment?
There are 863 funds or institutions reporting positions in Harley-Davidson. This is an increase of 47 owner(s) or 5.76% in the last quarter. Average portfolio weight of all funds dedicated to HOG is 0.28%, a decrease of 13.13%. Total shares owned by institutions increased in the last three months by 2.12% to 148,099K shares. The put/call ratio of HOG is 1.12, indicating a bearish outlook.
H Partners Management holds 12,700K shares representing 8.69% ownership of the company. No change in the last quarter.
Boston Partners holds 10,649K shares representing 7.28% ownership of the company. In it's prior filing, the firm reported owning 10,592K shares, representing an increase of 0.54%. The firm decreased its portfolio allocation in HOG by 99.96% over the last quarter.
Beutel, Goodman & Co holds 7,317K shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 7,342K shares, representing a decrease of 0.34%. The firm increased its portfolio allocation in HOG by 6.42% over the last quarter.
Jupiter Asset Management holds 5,684K shares representing 3.89% ownership of the company. In it's prior filing, the firm reported owning 4,856K shares, representing an increase of 14.57%. The firm decreased its portfolio allocation in HOG by 11.14% over the last quarter.
JVMAX - John Hancock Disciplined Value Mid Cap Fund holds 5,071K shares representing 3.47% ownership of the company. In it's prior filing, the firm reported owning 4,775K shares, representing an increase of 5.84%. The firm increased its portfolio allocation in HOG by 22.79% over the last quarter.
Harley-Davidson Background Information
(This description is provided by the company.)
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Its vision: Building its legend and leading its industry through innovation, evolution and emotion. Its mission: More than building machines, it stands for the timeless pursuit of adventure. Freedom for the soul.
Its ambition is to maintain its place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road.
Article by George Maybach, Fintel
