Douglas Dynamics Inc. (PLOW) will increase its quarterly dividend by another 1.8 percent to 29 cents per share in 2022, matching last year's hike by the manufacturer of vehicle attachments and equipment. PLOW has now raised its dividend for 12 consecutive years. A new annual rate of $1.16 per share yields 3.7% at a stock price of $31.50.

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.