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EX-Dividend Schedule: This Manufacturer and Up-fitter of Work Truck Attachments and Equipment has a Dividend Yield of 2.58%; Will Trade Ex-Dividend on December 18, 2017

LONDON, UK / ACCESSWIRE / December 15, 2017 / Active-Investors has a free review on Douglas Dynamics, Inc. (NYSE: PLOW) following the Company's announcement that it will begin trading ex-dividend on December 18, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 15, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PLOW:

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Dividend Declared

On December 07, 2017, Douglas Dynamics announced that its Board of Directors approved and declared a quarterly cash dividend of $0.24 per share for the fourth quarter of 2017. The declared dividend will be paid on December 29, 2017, to stockholders of record as of the close of business on December 19, 2017.

Douglas Dynamics' indicated dividend represents a yield of 2.58%, which is substantially above the average dividend yield of 1.62% for the Consumer Goods sector. The Company has raised dividend for four years in a row.

Dividend Insights

Douglas Dynamics has a dividend payout ratio of 68.1%, which indicates that the Company spends approximately $0.68 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Douglas Dynamics is forecasted to report earnings of $1.77 per share for the next year, which is substantially above the Company's annualized dividend of $0.96 per share.

During the first nine months of 2017, Douglas Dynamics recorded net cash used in operating activities of $0.7 million compared to net cash provided by operating activities of $11.2 million in the year ago same period. The decrease was mostly related to a non-recurring cash payment of approximately $10 million, received in Q1 2016. As of September 30, 2017, Douglas Dynamics had cash and cash equivalents worth $1.48 million compared to $18.61 million as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Developments for Douglas Dynamics

On November 06, 2017, Douglas Dynamics announced that net sales were $125.3 million in Q3 2017, a slight increase compared to Q3 2016 net sales of $123.6 million. The Company's gross profit was $36.1 million, or 28.8% of net sales, for the reported quarter compared to $36.6 million, or 29.7% of net sales, in the year earlier same quarter.

Douglas Dynamics' net income for Q3 2017 was $9.3 million, or $0.40 per diluted share, reflecting an increase of $2.0 million and $0.08 per diluted share compared to Q3 2016 net income of $7.3 million, or $0.32 per diluted share. Net income increased with lower gross profit due to favorable changes in selling, general, and administrative (SG&A) expenses.

About Douglas Dynamics

Douglas Dynamics is North America's premier manufacturer and up-fitter of work truck attachments and equipment. Through its proprietary Douglas Dynamics Management System (DDMS), the Company is committed to continuous improvement aimed at consistently producing the highest quality products, at industry-leading levels of service and delivery that ultimately drive shareholder value.

The Company was founded in 2004 and is headquartered in Milwaukee, Wisconsin.

Stock Performance Snapshot

December 14, 2017 - At Thursday's closing bell, Douglas Dynamics' stock declined 2.01%, ending the trading session at $36.50.

Volume traded for the day: 47.49 thousand shares.

Stock performance in the last three-month – up 0.14%; previous six-month period – up 19.67%; past twelve-month period – up 11.28%; and year-to-date – up 8.47%

After yesterday's close, Douglas Dynamics' market cap was at $832.20 million.

Price to Earnings (P/E) ratio was at 27.04.

The stock has a dividend yield of 2.63%.

The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.

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