Douglas Dynamics (NYSE: PLOW) Appoints New CEO, Announces Dividend Yield of 4.4%

March 05, 2025 11:57 PM PST | By Team Kalkine Media

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Douglas Dynamics (NYSE: PLOW) Appoints New CEO, Announces Dividend Yield of 4.4% — Image source: Shutterstock

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Highlights

Mark Van Genderen appointed as President and CEO, brings extensive experience in the work truck industry.

Douglas Dynamics reports improved financial results for 2024 under interim leadership.

Board declares a USD 0.295 per share dividend, yielding 4.4% for shareholders.

Douglas Dynamics (NYSE:PLOW), North America's leading manufacturer of work truck attachments and equipment, has named Mark Van Genderen as its new President and CEO, effective immediately. Van Genderen, who also joins the company’s Board of Directors, previously served as the Chief Operating Officer and President of Work Truck Attachments. His extensive background within the company and industry makes him a strong choice to lead Douglas Dynamics forward.

Van Genderen’s experience spans five years with Douglas Dynamics and a 21-year tenure at Harley-Davidson Motor Company, where he held a variety of leadership positions. Within Douglas Dynamics, he has served as President of Commercial Snow & Ice Control and Vice President of Strategy and Business Development. His broad experience across operational and strategic roles gives him a comprehensive understanding of the company and its potential for continued growth in the work truck sector.

He succeeds Jim Janik, who served as Interim President & CEO and will return to his role as Chairman of the Board of Directors. Under Janik’s leadership, the company saw improved financial results in 2024, laying a solid foundation for future growth. The Board expressed confidence in Van Genderen’s leadership abilities, citing his strong strategic thinking and operational expertise as crucial to driving the company’s future success.

In addition to the leadership transition, Douglas Dynamics has announced a dividend payment of USD 0.295 per share, payable on March 31st. This dividend represents an annual yield of 4.4%, which is above the average for the industry, providing additional value to shareholders.

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