Monday, April 30, 2007

Harley-Davidson Goes HOG Wild With The Dividend

In August 2006 Harley-Davidson (HOG) changed the company's stock ticker to HOG. The change was desired by the company in order that the ticker might reflect what they sell/manufacture.
  • Over the weekend, the Harley-Davidson announced a 19% increase in the company's quarterly dividend to 25 cents per share versus 21 cents per share in the same quarter last year.
  • This 19% dividend growth rate compares to the 5-year average dividend growth rate of 57%. The historically large growth rate is largely attributable to the company increasing its annual dividend in 2004 to 40.5 cents per share versus 2003's dividend of 19.5 cents per share.
  • The projected payout ratio based on 2007 estimated earnings of $4.14 is 24%. This compares to the 5-year average payout of 14%.
(click on table/chart for larger image)

Harley-Davidson dividend table. April 2007
Harley-Davidson stock chart. April 2007


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