Top 5 Dividend Increases of 2021

1. Harley-Davidson, Inc. (NYSE:HOG)

Dividend Yield as of January 20: 1.75%

Dividend Increase in 2021: 650%

Number of Hedge Fund Holders: 33
Harley-Davidson, Inc. (NYSE:HOG) is a Wisconsin-based manufacturer of motorcycles which was founded in 1903, and it is one of the two American motorcycle companies that survived the Great Depression. Harley-Davidson, Inc. (NYSE:HOG) distributes its merchandise worldwide.

On February 2, 2021 Harley-Davidson, Inc. (NYSE:HOG) announced a 650% increase from its prior dividend of $0.02. On November 22, Harley-Davidson (NYSE:HOG) declared a $0.15 per share quarterly dividend, which was paid on December 23, to shareholders of record on December 8.

BMO Capital analyst Gerrick Johnson on October 28 raised the price target on Harley-Davidson (NYSE:HOG) to $62 from $54 and kept an Outperform rating on the shares. The company’s Q3 results were better than expected, with retail sales, motorcycle shipment, and financial services performance all ahead of estimates, the analyst told investors in a research note.

Rehan Jaffer’s H Partners Management is the largest Harley-Davidson (NYSE:HOG) shareholder, owning 11.20 million shares worth $410 million. Overall, 33 hedge funds in the third quarter database of Insider Monkey were bullish on the stock. 

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