Harley-Davidson, Inc. (HOG) will hike its quarterly dividend by 5 percent to 15.75 cents per share. This follows a whopping 650 percent dividend hike to 15 cents per share. However the motorcycle maker cut its quarterly dividend by 94.7 percent to 2 cents per share in the second quarter of 2020 because of the COVID-19 pandemic.

The next HOG dividend is payable March 18, 2022 to the shareholders of record of the company's common stock as of February 28, 2022. The next ex-dividend date is February 25. HOG's new annual dividend of 63 cents currently yields 1.7% at a stock price of $36.21.

Harley-Davidson 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. Harley-Davidson has been paying a dividend every year since 1993.