Oshkosh Corporation (NYSE:OSK) Raises Dividend to $0.57 Per Share

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.57 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, February 17th. This is a 11.8% increase from Oshkosh’s previous quarterly dividend of $0.51.

Oshkosh has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Oshkosh has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $12.50 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 16.3%.

Oshkosh Price Performance

Shares of OSK traded down $0.63 during mid-day trading on Thursday, reaching $145.53. 1,966,959 shares of the stock traded hands, compared to its average volume of 857,997. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 2.02 and a beta of 1.41. Oshkosh has a 1 year low of $76.82 and a 1 year high of $158.53. The firm has a fifty day moving average price of $135.99 and a 200 day moving average price of $133.40. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.07). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. As a group, equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Institutional Trading of Oshkosh

Several hedge funds and other institutional investors have recently bought and sold shares of OSK. D.A. Davidson & CO. increased its stake in shares of Oshkosh by 68.9% in the fourth quarter. D.A. Davidson & CO. now owns 40,502 shares of the company’s stock worth $5,088,000 after buying an additional 16,518 shares during the period. Camelot Portfolios LLC bought a new stake in Oshkosh in the 4th quarter worth $78,000. Pictet Asset Management Holding SA increased its position in shares of Oshkosh by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,008 shares of the company’s stock valued at $1,257,000 after acquiring an additional 774 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Oshkosh by 8.7% during the fourth quarter. Sanctuary Advisors LLC now owns 8,389 shares of the company’s stock valued at $1,054,000 after acquiring an additional 669 shares during the last quarter. Finally, Quent Capital LLC raised its stake in shares of Oshkosh by 501.5% during the fourth quarter. Quent Capital LLC now owns 1,618 shares of the company’s stock valued at $203,000 after acquiring an additional 1,349 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.