Harley-Davidson, Inc. (NYSE: HOG) declared a quarterly dividend of $0.275 per share, or $1.1 annualized. This is a 31% increase from the prior dividend of $0.21. The dividend will be payable on March 7, 2014, to stockholders of record on February 19, 2014, with an ex-dividend date of February 14, 2014. The annual yield on the dividend is 1.8 percent. In other action, the Board authorized the Company to repurchase up to 20 million shares of Harley-Davidson, Inc. common stock. The Board authorization is in addition to existing share repurchase authorizations. As of the end of 2013, 8.6 million shares remained on prior board-approved share repurchase authorizations.
Harley-Davidson Raises Quarterly Dividend 31% to $0.275 and Authorizes 20 Million Shares Buyback
Published by February 6th, 2014 in Builders, Editorial and Events.3 Responses to “Harley-Davidson Raises Quarterly Dividend 31% to $0.275 and Authorizes 20 Million Shares Buyback”
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Why the stock buy-back? Why not invest in a new bike design, mfg process or marketing campaign that will generate better ROI?
Sold all mine after five spits with a smile
I am sure this means the folks actually building the products in Milwaukee, Kansas City and York will benefit from this as much as the share holders? No line workers, no motorcycles, no stock share profit.