Harley-Davidson Inc. (HOG) announced late Friday that its board of directors has authorized a dividend of 16.50 cents per share for the first quarter, up from 15.75 cents per share. This dividend is payable on March 20 to shareholders of record as of March 3. Shares of Harley-Davidson were flat in the extended session Friday following a 1.4% increase during regular trading hours.
The company had previously made an incorrect announcement regarding the amount of the dividend, but this has since been corrected. This news comes shortly after the company reported a 4.9% increase in its fourth-quarter earnings, beating Wall Street expectations.
Harley-Davidson Inc. is an American motorcycle manufacturer that has been in business since 1903. The company is best known for its iconic touring and cruiser motorcycles, but also produces a wide range of other motorcycles and related products. It is the largest U.S. motorcycle manufacturer and has a presence in over 100 countries.
The company has been undergoing a transformation in recent years, with a focus on increasing its presence in the international market and expanding its product portfolio to include electric motorcycles. In 2020, the company unveiled its first electric motorcycle, the LiveWire, which is expected to be released later this year.
The company’s recent dividend announcement is seen as a sign of confidence in the company’s future prospects. With the LiveWire set to be released soon and the company’s focus on international markets, investors are hopeful that Harley-Davidson will be able to continue to generate strong returns for its shareholders.
The dividend announcement is also a sign that the company is committed to returning value to its shareholders. Dividends are a way for companies to reward shareholders for their loyalty and investment in the company. By increasing its dividend, Harley-Davidson is showing that it is committed to rewarding its shareholders for their loyalty and continued support.
The dividend announcement is also a sign that the company is in a strong financial position. By increasing its dividend, the company is showing that it is confident in its ability to generate strong returns and that it is well-positioned to weather any economic downturns.
Overall, the dividend announcement is a sign of confidence in the company’s future prospects and its commitment to returning value to its shareholders. With the LiveWire set to be released soon and the company’s focus on international markets, investors are hopeful that Harley-Davidson will be able to continue to generate strong returns for its shareholders.