News

Harley-Davidson Will Pay You To Buy Its Stock

Google+ Pinterest LinkedIn Tumblr

Harley-Davidson has just announced that it will be giving out a 10¢/share dividend for the third quarter of 2010. Being paid on October 15th to anyone who owns Harley-Davidson stock (NYSE: HOG) on October 1st, 2010, holders of HOG common stock will get a chance to be rewarded for investing in the Milwaukee brand. It’s not clear at this time if Harley-Davidson intends to keep the cash dividend for future quarters, or if this is one-quarter only event.

With HOG currently trading at $28.43/share, this announcement means essentially an automatic 1.2% investment gain for stock owners, however contact your financial advisor before placing any orders…you shouldn’t take stock advice from a motorcycle blog.

The vote made by Harley-Davidson’s Board of Directors to institute the stock dividend comes on the heels of the company renegotiating its labor agreements with its unionized Wisconsin work force. It also comes after Harley-Davidson parted ways with its long-time advertising cohort Carmichael Lynch. Harley-Davidson stock is down 1.42% at the time of this writing, and this announcement.







Source: Harley-Davidson







Jensen Beeler

Despite his best efforts, Jensen is called one of the most influential bloggers in the motorcycle industry, and sometimes consults for motorcycle companies, whether they've solicited his expertise or not.

Comments