LONDON, UK / ACCESSWIRE / March 20, 2018 / 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 March 21, 2018. 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 March 20, 2018. 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 February 26, 2018, Douglas Dynamics announced that its Board of Directors approved and declared a quarterly cash dividend of $0.265 per share for Q1 2018, which equates to a projected full year annual increase in the dividend of approximately 10%, or $0.10 per diluted share. The declared dividend will be paid on March 30, 2018, to stockholders of record as of the close of business on March 22, 2018.
Douglas Dynamics' indicated dividend represents a yield of 2.28%, which is considerably higher than the average dividend yield of 1.80% for the Consumer Goods sector. The Company has raised dividend for five years in a row.
Dividend Insight
Douglas Dynamics has a dividend payout ratio of 53.0%, which indicates that the Company spends approximately $0.53 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 $2.13 for the next year, which is more than double compared to the Company's annualized dividend of $1.06 per share.
Douglas Dynamics' full year 2017 net cash provided by operating activities was $67.2 million compared to $69.9 million in FY16. Excluding a cash settlement of approximately $6.2 million, net of tax, received in 2016 upon the successful conclusion of a patent infringement lawsuit, the Company's net cash from operating activities improved $3.5 million.
Douglas Dynamics' cash generated during FY17 increased its cash on hand from $18.6 million at the end of 2016 to $36.9 million at the end of 2017. 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.
Earnings Announcement for Douglas Dynamics
On February 27, 2018, Douglas Dynamics announced that net sales were $138.0 million in Q4 2017, reflecting an increase of 6.0% compared to net sales of $130.1 million in Q4 2016.
For Q4 2017, Douglas Dynamics' net income totaled $34.5 million, or $1.50 per diluted share, reflects an increase of $24.4 million, or $1.06 per diluted share, compared to the year ago same quarter. The increase is primarily due to a one-time benefit associated with US Tax Reform totaling $22.5 million, or $0.97 per diluted share. The Company's adjusted net income was $12.1 million, or $0.53 per diluted share, for the reported quarter versus adjusted net income of $10.3 million, or $0.45 per diluted share, for the year ago comparable period.
About Douglas Dynamics, Inc.
Douglas Dynamics operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. The Company was founded in 2004 and is headquartered in Milwaukee, Wisconsin.
Stock Performance Snapshot
March 19, 2018 - At Monday's closing bell, Douglas Dynamics' stock fell 1.08%, ending the trading session at $45.95.
Volume traded for the day: 61.65 thousand shares.
Stock performance in the last month – up 20.92%; previous three-month period – up 25.89%; past twelve-month period – up 56.29%; and year-to-date – up 21.56%
After yesterday's close, Douglas Dynamics' market cap was at $1.04 billion.
Price to Earnings (P/E) ratio was at 13.48.
The stock has a dividend yield of 2.31%.
The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.
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