Harman (HAR) Doubles Dividend to 60c Annually; Yields 1.6%

June 27, 2012 4:12 PM EDT
Harman International Industries, Incorporated (NYSE: HAR), the leading global audio and infotainment group, today announced that its board of directors has adopted an annual cash dividend policy pursuant to which the company will increase its annual cash dividend to $0.60 per share, to be paid quarterly at the rate of $0.15 per share. The higher rate represents a 100 percent increase over the prior quarterly rate of $0.075 per share. The increased dividend will go into effect for the new fiscal year, which starts July 1, 2012, and the first quarterly payment will be in September 2012.

Yield at current stock prices is 1.6 percent.

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