Harley-Davidson, Inc. (HOG) will raise its quarterly dividend by 1.4 percent to $0.38 per share in 2020. This follows a similar 0.005 cent per share dividend hike to 37.5 cents quarterly last year.

The next dividend is payable March 20, 2020 to the shareholders of record of the company's common stock as of March 5, 2020. The new annual dividend rate of $1.52 yields 4.6% at a stock price of $32.76.

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. The company manufactures and sells at wholesale cruiser and touring motorcycles. The Financial Services segment consists of HDFS, which provides wholesale and retail financing and insurance-related programs to the Harley-Davidson dealers and their retail customers.