Harley-Davidson, Inc. Announces Two-For-One Stock Split and Declares Dividend
20 August 1997Harley-Davidson, Inc. Announces Two-For-One Stock Split and Declares Dividend
MILWAUKEE, Aug. 20 -- Harley-Davidson, Inc. announced today that its Board of Directors approved a two-for-one stock split effective for shareholders of record on September 12, 1997, payable on September 26, 1997. The company's Board also declared a quarterly cash dividend of $0.07 per share (equivalent to $0.035 per share on a post-split basis), with the same record and payment dates. The company currently has 75.9 million shares (equivalent to 151.8 million shares on a post-split basis) of common stock outstanding. "This is the fourth two-for-one stock split since our 1986 initial public offering, and we are proud of the return we have provided our shareholders," said Richard F. Teerlink, chairman of Harley-Davidson, Inc. "We believe that, by splitting our stock, we will continue to attract more individual investors into the Harley-Davidson family. This stock split is also a reflection of the Board of Director's confidence in the company's ability to continue to successfully execute its plans." Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and a complete line of motorcycle parts, accessories, apparel, and general merchandise. Eaglemark Financial Services, Inc. provides wholesale and retail financing, insurance and credit card programs to Harley-Davidson dealers and customers and similar programs for other leisure products manufacturers. SOURCE Harley-Davidson, Inc.