Douglas Dynamics Inc. (PLOW) will increase its quarterly dividend by another 2.8 percent to $0.28 per share in 2020. This follows a similar 2.8 percent dividend hike by PLOW last year. The manufacturer of vehicle attachments and equipment has now raised its dividend for 10 consecutive years.

The dividend will be paid on March 31, 2020 to stockholders of record as of the close of business on March 20, 2020. A new annual rate of $1.12 per share yields 2.6% at a stock price of $43.53.

Douglas Dynamics, Inc. is a manufacturer of vehicle attachments and equipment. The company’s portfolio of products and services includes manufactured snow and ice attachments sold under the FISHER, HENDERSON, SNOWEX and WESTERN brands, and the up-fit of market leading attachments for commercial work vehicles under the DEJANA brand. Douglas Dynamics has paid a dividend every year since its initial public offering in 2010.