More opportunity with HOG
Harley-Davidson is continuing to make the right moves. 3 years ago, the company named Keith Wandell as CEO. Immediately the company embarked on a restructuring and return-to-core-product philosophy. Since then, the results are showing. HOG has been a solid investment since I initiated it in my CAPS portfolio in June of 2010.
Following up on the successful re-org, today the Board of Harley-Davidson, Inc. named Keith Wandell as Chairman. Considering the steady leadership and tough decision making he displayed after the massive downturn that the company faced in 2007 and 2008, adding Chairman duties to Wandell's role is the right move. From all appearances, he's an executive that strongly believes in transparency and making decisions that are in the best interest of the long-term success of the company.
And, more positive news, the Board also announced an increased dividend payout. The company is seeing increased demand, increased sales, broader global reach, broader demographic reach, and now bigger dividends.
I'm keeping my green thumb in place for this one, and expect to let it run for at least 3 more years.
Press Release Here