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.
