Harley-Davidson decided to give more money to its shareholders over the weekend at the company's annual shareholder meeting in Milwaukee.
The money, in the form of dividend payments to shareholders of record as of June 5, is about 10 percent more than the dividend payment made to shareholders in March, according to a company press release.
Shareholders are scheduled to get about 33 cents per share.
At the same meeting, Harley-Davidson CEO Jim Ziemer addressed company-wide job cuts.
He said he "agonized" over the decision to make them, according to the Milwaukee Journal-Sentinel.
"Excruciating is the word," Ziemer said.
The company said April 17 that it planned to cut about 370 union production positions and about 360 nonproduction jobs following weak sales of new motorcycles.
Most of the union job cuts are coming at the company's Springettsbury Township production facility.
Harley is looking for volunteers to retire before permanently laying off the rest of the roughly 300 workers it wants to cut from the payrolls on Eden Road.
original article
Harley to pay shareholders more - The York Daily Record
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