Harley-Davidson Finally Revs Up Dividend

Harley-Davidson [[HOG]] announced on Friday that the company is increasing their quarterly dividend by 25% to $.125 per share.

 

Following the dividend increase, Harley-Davidson stock will offer investors a current dividend yield of 1.3% based on Friday’s closing price.

 

This is the first dividend increase from the motorcycle manufacturer since Harley-Davidson reduced their dividend by 70% in early 2009. Prior to the dividend cut, HOG shares were paying a quarterly dividend of $.33 per share.

 

This year Harley-Davidson shares have gained nearly 9% and have performed inline with the broader S&P 500 index.

 

The dividend will be payable on June 17, 2011 to shareholders of record as of June 2, 2011.

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