Harley-Davidson, Inc. Increases Dividend
10 May 1999Harley-Davidson, Inc. Increases Dividend and Announces Results of Annual Shareholder Meeting
MILWAUKEE, May 10 -- Harley-Davidson, Inc. announced today that its Board of Directors approved a quarterly cash dividend of 4.5 cents per share, payable June 25, 1999 to shareholders of record June 15, 1999. This represents a 12.5 percent increase over prior quarterly dividends, and is the seventh consecutive annual increase. The company currently has 153.4 million shares of common stock outstanding. At the Annual Shareholder Meeting, it was also announced that all items to be voted upon by shareholders were approved: The re-election of Richard J. Herman-Taylor, (group vice president of Abt Associates and president of BioScience International, Inc.), Sara L. Levinson (president of NFL Properties, Inc.) and Richard F. Teerlink (retired chairman of the board and chief executive officer of Harley-Davidson, Inc.) as members of the company's Board of Directors, with terms expiring at the company's 2002 Annual Shareholder Meeting, and; Ratification of Ernst & Young as the company's independent auditors for calendar year 1999. Harley-Davidson, Inc. is the parent company for Harley-Davidson Motor Company, Buell Motorcycle Company and Eaglemark Financial Services, Inc. Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport and sport-touring motorcycles. Eaglemark Financial Services, Inc. provides wholesale and retail financing, insurance and credit card programs to Harley-Davidson dealers and customers.