News Column

United States : HARMAN Increases Annual Dividend

June 27, 2014

HARMAN International Industries, Incorporated, 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 $1.32 per share, to be paid quarterly at the rate of $0.33 per share. The higher rate represents a 10 percent increase over the prior quarterly rate of $0.30 per share. The increased dividend will go into effect for the new fiscal year, which starts July 1, 2014, and the first quarterly payment will be in September 2014.

"Through our recent strategic acquisitions and ongoing investment in innovation, we continue to demonstrate HARMAN s commitment to building long term value," said Dinesh C. Paliwal, the Company's Chairman, President and Chief Executive Officer. We are pleased to be able to return additional capital to our shareholders as we continue to achieve strong performance and execute our strategy for growth.

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Source: TendersInfo (India)

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