Douglas Dynamics Declares Quarterly Cash Dividend

Rhea-AI Summary

Douglas Dynamics, Inc. (NYSE: PLOW) has announced a quarterly cash dividend of $0.29 per share for Q4 2022. The dividend will be distributed on December 30, 2022, to stockholders recorded by December 19, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining operational efficiency in work truck attachments and equipment manufacturing.

Positive

• Quarterly cash dividend of $0.29 per share reflects a commitment to shareholder value.
• Dividend payment scheduled for December 30, 2022, providing immediate income to shareholders.

Negative

• None.

MILWAUKEE, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE: PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that its Board of Directors approved and declared a quarterly cash dividend of $0.29 per share for the fourth quarter of 2022.

The declared dividend will be paid on December 30, 2022 to stockholders of record on December 19, 2022.

About Douglas Dynamics

Home to the most trusted brands in the industry, Douglas Dynamics is North America’s premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that not only enable people to perform their jobs more efficiently and effectively, but also enable businesses to increase profitability. 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 Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes commercial snow and ice control equipment sold under the FISHER®, SNOWEX® and WESTERN® brands. Second, the Work Truck Solutions segment, which includes the up-fit of market leading attachments and storage solutions under the HENDERSON® brand, and the DEJANA® brand and its related sub-brands.

CONTACT
Douglas Dynamics, Inc.
Nathan Elwell
847-530-0249
investorrelations@douglasdynamics.com

 

FAQ

What is the quarterly dividend amount for Douglas Dynamics (PLOW)?

The quarterly dividend amount declared by Douglas Dynamics is $0.29 per share.

When will the dividend be paid to PLOW shareholders?

The dividend will be paid on December 30, 2022.

What is the record date for the dividend payment of PLOW?

The record date for the dividend payment is December 19, 2022.

How does the dividend reflect on Douglas Dynamics' financial health?

The dividend payment indicates Douglas Dynamics' commitment to return value to its shareholders and suggests a stable financial position.