Douglas Dynamics Declares $0.295 Quarterly Dividend for Q1 2026

Douglas Dynamics Inc (NYSE: PLOW), a manufacturer of snow and ice control equipment and municipal solutions, declared a quarterly cash dividend of $0.295 per share for the first quarter of 2026. The board approved the dividend payment as the company reported strong operational performance across its business segments. Read more dividend announcements.

The dividend will be paid on March 31, 2026, to stockholders of record as of the close of business on March 17, 2026.

Strong Financial Performance in 2025

The dividend announcement came alongside the company's full-year 2025 results, which showed significant improvement in cash generation. Net cash provided by operating activities increased 81.6% to $74.7 million, while free cash flow jumped 90.7% to $63.6 million compared to 2024.

Douglas Dynamics' Solutions segment delivered record results in both the fourth quarter and full year. Fourth quarter net sales increased 13.1% while adjusted EBITDA grew 21.7%, driving adjusted EBITDA margins to 11.7%. For the full year, net sales grew 15.3% and adjusted EBITDA increased 35.0%, with record annual margins of 11.6%, an increase of 170 basis points.

The company attributed the Solutions segment performance to ongoing strength in municipal demand and efficient operations that produced increased throughput. Full-year 2025 net sales included approximately $18 million of incremental chassis sales.

2026 Outlook

Douglas Dynamics provided financial guidance for 2026, projecting net sales between $710 million and $760 million, adjusted EBITDA between $100 million and $120 million, and adjusted diluted earnings per share between $2.25 and $2.85. The company expects an effective tax rate of 24% to 25%.

Sarah Lauber, Executive Vice President and CFO, noted that the business is well positioned for continued year-over-year growth in 2026. The outlook assumes relatively stable economic and supply chain conditions and average snowfall in 2026.