Douglas Dynamics, Inc.
PLOWConsumer Cyclical · Auto Parts · Stock · quarterly payer
Forward Yield
2.98%
Annual Dividend
$1.18
Payout Ratio
54%
5-Yr Growth
1.0%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Key facts about PLOW's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Douglas Dynamics, Inc. (PLOW) has a forward dividend yield of 2.98%, based on an annual dividend of $1.18 per share and a share price of $39.54.
- As of Oct 18, 2026, PLOW's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
- PLOW has never cut its regular dividend in the payment history SmarterDividends has on record.
- PLOW's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.30 per share.
- As of Oct 18, 2026, PLOW pays out 54% of its trailing 12-month earnings as dividends (its payout ratio).
- PLOW's dividend has grown at an average rate of 1.0% a year over the past five years.
- As of Oct 18, 2026, PLOW's 2.98% yield is 21% below its five-year average yield of 3.77%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PLOW is $20.83 per share, 47% below the $39.54 share price, so PLOW screens as overvalued.
- Douglas Dynamics, Inc. (PLOW) pays its dividend quarterly, 4 times a year.
- Douglas Dynamics, Inc. (PLOW) has raised its regular dividend 15 times and cut it 0 times across the 65 payments on record since 2010. Its most recent change was a 1.7% increase to $0.295 per share, going ex-dividend on Mar 16, 2023.
Cite this page
SmarterDividends, "PLOW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PLOW
Summary
As of Oct 18, 2026, Douglas Dynamics, Inc. (PLOW) yields 2.98% ($1.18 a year per share) and has a dividend safety grade of A (87/100).
Is PLOW a good dividend stock?
YesDouglas Dynamics, Inc. (PLOW) pays a quarterly dividend yielding 2.98% ($1.18/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (54%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.98%
- Payout Ratio
- 54%
- Annual Dividend
- $1.18
- 5-Yr Avg Growth
- 1.0%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.20
- Market Cap
- $912.5M
- P/E Ratio
- 18.0
- 5-Yr Total Return
- -1%
- 52-Week Range
- $28.52 – $55.00
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
PLOW dividend raises and cuts
Douglas Dynamics, Inc. (PLOW) has raised its regular dividend 15 times and cut it 0 times across the 65 payments on record since 2010. Its most recent change was a 1.7% increase to $0.295 per share, going ex-dividend on Mar 16, 2023.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 16, 2023 | Raise | $0.290 → $0.295 | +1.7% |
| Mar 17, 2022 | Raise | $0.285 → $0.290 | +1.8% |
| Mar 18, 2021 | Raise | $0.280 → $0.285 | +1.8% |
| Mar 19, 2020 | Raise | $0.273 → $0.280 | +2.6% |
| Mar 18, 2019 | Raise | $0.265 → $0.273 | +3.0% |
| Mar 21, 2018 | Raise | $0.240 → $0.265 | +10.4% |
| Mar 17, 2017 | Raise | $0.235 → $0.240 | +2.1% |
| Mar 17, 2016 | Raise | $0.223 → $0.235 | +5.4% |
| Mar 18, 2015 | Raise | $0.218 → $0.223 | +2.3% |
| Mar 19, 2014 | Raise | $0.213 → $0.218 | +2.3% |
| Dec 19, 2013 | Raise | $0.208 → $0.213 | +2.4% |
| Sep 18, 2013 | Raise | $0.207 → $0.208 | +0.5% |
Show all 15 changes since 2010
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 19, 2012 | Raise | $0.205 → $0.207 | +1.0% |
| Dec 16, 2011 | Raise | $0.200 → $0.205 | +2.5% |
| Dec 17, 2010 | Raise | $0.183 → $0.200 | +9.3% |
Frequently Asked Questions
Is PLOW a good dividend stock?
Yes. Douglas Dynamics, Inc. (PLOW) pays a quarterly dividend yielding 2.98% ($1.18/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is PLOW undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PLOW's fair value is about $20.83 versus a $39.54 share price — so it looks overvalued (-47% vs. fair value).
Is PLOW's dividend safe?
PLOW has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is PLOW's fair value?
Our blended fair-value estimate for PLOW is about $20.83 per share, about 47% below the current $39.54 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PLOW a buy, hold, or sell?
We don't issue formal ratings, but on the data PLOW screens as "yes" and overvalued. Douglas Dynamics, Inc. (PLOW) pays a quarterly dividend yielding 2.98% ($1.18/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will PLOW cut its dividend?
PLOW earns a dividend-safety grade of A (87/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PLOW pay a dividend?
Yes. Douglas Dynamics, Inc. pays a quarterly dividend of about $1.18 per share annually, a forward yield of roughly 2.98%.
What is PLOW's dividend yield?
As of Oct 18, 2026, PLOW's forward dividend yield is 2.98%, based on a $1.18 annual dividend and a $39.54 share price.
What is PLOW's dividend per share?
As of Oct 18, 2026, PLOW pays $1.18 per share per year, distributed on a quarterly basis.
What is PLOW's dividend payout ratio?
As of Oct 18, 2026, PLOW's payout ratio is 54% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has PLOW grown its dividend?
PLOW does not currently have a long dividend-growth streak on record.
When is the next PLOW ex-dividend date?
As of Oct 18, 2026, PLOW's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.30 per share.
PLOW Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+45%
5 Years
-1%
52-Week Range
$28.52 – $55.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PLOW worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Douglas Dynamics, Inc. is $20.83 per share, versus a market price of $39.54. That implies 47% of downside.
Fair Value
$20.83
Current Price
$39.54
Downside
-47%
Margin of Safety
-90%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 21.5% annual free-cash-flow growth. We model 2.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.3% discount rate (CAPM), 2.5% growth for five years fading to 2.5% over the next five, $2.20 EPS, $1.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PLOW Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PLOW dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Sep 30, 2026 | $0.2950 | regular |
| Jun 16, 2026 | Jun 30, 2026 | $0.2950 | regular |
| Mar 17, 2026 | Mar 31, 2026 | $0.2950 | regular |
| Dec 16, 2025 | Dec 31, 2025 | $0.2950 | regular |
| Sep 16, 2025 | Sep 30, 2025 | $0.2950 | regular |
| Jun 17, 2025 | Jun 30, 2025 | $0.2950 | regular |
| Mar 18, 2025 | Mar 31, 2025 | $0.2950 | regular |
| Dec 16, 2024 | Dec 31, 2024 | $0.2950 | regular |
| Sep 16, 2024 | Sep 30, 2024 | $0.2950 | regular |
| Jun 17, 2024 | Jun 28, 2024 | $0.2950 | regular |
| Mar 15, 2024 | Mar 29, 2024 | $0.2950 | regular |
| Dec 18, 2023 | Dec 29, 2023 | $0.2950 | regular |
| Sep 18, 2023 | Sep 29, 2023 | $0.2950 | regular |
| Jun 15, 2023 | Jun 30, 2023 | $0.2950 | regular |
Income Calculator
At $1.18 / yr per share
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