Harley Revs Up Dividend!

Written by Tyler |

Harley-Davidson, Inc. (NYSE: HOG) has announced that its Board of Directors approved a cash dividend of $0.30 per share for the third quarter of 2007. The dividend is payable October 11, 2007 to the holders of record of the Company’s common stock on October 1, 2007. This represents an increase of 20% over the previous dividend paid on June 19, 2007.

Let’s have a quick look at some numbers and see if this dividend increase is a sign of better things to come from Harley Davidson!

The Financials

P/E Ratio (TTM) 11.52
P/E High – Last 5 Yrs. 32.34
P/E Low – Last 5 Yrs. 14.07
Beta 1.07
Price to Sales 1.85
Price to Book 4.53
Price to Cash Flow 9.33
Price to Free Cash Flow 21.09

The Dividend

Dividend Yield 2.14
Dividend Yield – 5 Year Avg. 0.75
Dividend 5 Year Growth Rate 47.76
Payout Ratio (TTM) 21.67


The numbers that most strike me are the average dividend yield and the dividend payout ratio.

Harley Davidson is currently paying a dividend yield that is very much greater than its average and their dividend payout ratio is still very low.

This means that even though they have a healthy dividend yield, there is still room to grow the dividend and re-invest profits into the company.

This is good news for investors who might want to add a little HOG to their portfolio!!!

Disclosure: I do not own shares of Harley Davidson.

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  1. 2 Responses to “Harley Revs Up Dividend!”

  2. By Mike Sanguinetti on | Reply

    I am a long term HDI/ HOG owner.. since 1986, just after the IPO… also a rider of the product.. long term motorcycle enthusiast.

    what investors fail to remember is that there is only one Harley Davidson in the world and we are dealing with a world market.. domestic sales may be slow to off, but world demand is un met. exports can easily take it all…. compare Harley Davidson to Boeing and you will see what I mean….

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