The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.35 per share for the first quarter of 2016, an increase of 12.9 percent compared to the fourth-quarter 2015 dividend of $0.31 per share. The dividend is payable March 4, 2016, to the holders of record of the Company's common stock on Feb. 17, 2016.
Additionally, the Board authorized the Company to repurchase up to 20 million shares of Harley-Davidson, Inc. common stock. The Board authorization is in addition to the existing share repurchase authorization that the Board approved in June 2015. As of the end of 2015, 9.0 million shares remained on that share repurchase authorization.