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MILWAUKEE - Douglas Dynamics, Inc. (NYSE: PLOW), a leading manufacturer and upfitter of work truck attachments and equipment in North America, announced today that its Board of Directors has declared a quarterly cash dividend of $0.295 per share for the second quarter of 2025. The dividend, yielding 4.29% annually, reflects the company’s 16-year track record of consecutive dividend payments. Stockholders of record on June 17, 2025, will receive the dividend payment on June 30, 2025.
With a heritage spanning over 75 years, Douglas Dynamics is known for its innovation in products that enhance the efficiency and profitability of businesses, particularly in the commercial work truck industry. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.37, indicating solid liquidity. The company’s commitment to quality and service is rooted in its Douglas Dynamics Management System (DDMS), which emphasizes continuous improvement.
The company’s portfolio is divided into two main segments: Work Truck Attachments and Work Truck Solutions. The former includes commercial snow and ice control equipment sold under well-known brands such as FISHER®, SNOWEX®, and WESTERN®. The latter segment focuses on the up-fitting of attachments and storage solutions under the HENDERSON® and DEJANA® brands, along with their respective sub-brands.
This dividend announcement follows the company’s tradition of providing shareholder value through consistent payouts. This information is based on a press release statement from Douglas Dynamics, Inc.
In other recent news, Douglas Dynamics reported an impressive performance for the first quarter of 2025. The company achieved earnings per share (EPS) of $0.09, significantly surpassing the projected loss of $0.05. Revenue also exceeded expectations, reaching $115.1 million compared to the forecasted $107.81 million, marking a 20.3% year-over-year increase. This strong financial outcome was attributed to improved operational efficiency and favorable weather conditions, which boosted sales of snow removal equipment and accessories.
DA Davidson maintained a Buy rating on Douglas Dynamics, with a price target of $32.00, highlighting the company’s robust start to the year and resilient position amidst economic uncertainties. The analyst praised the company’s decision to maintain its guidance for 2025 despite potential tariff impacts and macroeconomic challenges. The firm noted a significant improvement in gross margins by 470 basis points, reaching 24.5%.
Douglas Dynamics’ strategic focus includes exploring small-to-medium acquisitions to enhance market position, as mentioned by CEO Mark Van Genderen. The company is also implementing a cost savings program expected to deliver $11-12 million in annualized savings. Additionally, the firm expressed a cautiously optimistic outlook for the year, with net sales guidance between $610-650 million and adjusted EPS guidance of $1.30-$2.10.
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