HARMAN Increases Annual Dividend
June 25 2015 - 8:00AM
Business Wire
HARMAN International Industries, Incorporated (NYSE:HAR), the
premier audio, infotainment and software services company, 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 by six percent to $1.40 per share, to be paid
quarterly at the rate of $0.35 per share as compared with the prior
quarterly rate of $0.33 per share. The increased dividend will go
into effect for the new fiscal year, which starts July 1, 2015, and
the first quarterly payment will be in September 2015.
"Through our ongoing investments in innovation and addition of
strong connected services capabilities, we continue to demonstrate
HARMAN’s commitment to technology leadership and building long term
value for our stakeholders," said Dinesh C. Paliwal, the Company's
Chairman, President and Chief Executive Officer. “We are pleased to
return additional capital to our shareholders as we continue to
execute our business strategy and deliver solid performance.”
HARMAN has delivered 70 percent CAGR annual dividend increases
since FY2011.
About HARMAN
HARMAN (harman.com) designs and engineers connected products and
solutions for consumers, automakers, and enterprises worldwide,
including audio, visual and infotainment systems; enterprise
automation solutions; and software services. With leading brands
including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® , Mark
Levinson ® and Revel®, HARMAN is admired by audiophiles, musicians
and the entertainment venues where they perform around the world.
HARMAN also is a technology and integration services leader for the
Automotive, Mobile, Telecommunications and Enterprise markets. More
than 25 million automobiles on the road today are equipped with
HARMAN audio and infotainment systems. The Company's software
solutions power billions of mobile devices and systems that are
connected, integrated, personalized, adaptive and secure across all
platforms, from the work and home to car and mobile. HARMAN has a
workforce of approximately 25,000 people across the Americas,
Europe, and Asia and reported sales of $5.9 billion during the last
12 months ended March 31, 2015. The Company's shares are traded on
the New York Stock Exchange under the symbol NYSE:HAR.
© 2015 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson
are trademarks of HARMAN International Industries, Incorporated,
registered in the United States and/or other countries. AKG is a
trademark of AKG Acoustics GmbH, registered in the United States
and/or other countries.
HAR-C
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version on businesswire.com: http://www.businesswire.com/news/home/20150625005174/en/
HARMANDarrin Shewchuk, 203-328-3500Director, Corporate
Communicationsdarrin.shewchuk@harman.comorYijing Brentano,
203-328-3500Vice President, Strategy and Investor
Relationsyijing.brentano@harman.com
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