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0.000956937799043042 0 0.00909090909090898 0.0272727272727273 -0.00430622009569377 0.00193798449612399 0.0276162790697675 0.0188953488372093
Stock impact report

Harley-Davidson cuts dividend, halts buybacks as coronavirus hits sales [Toronto Globe and Mail (Ontario, Canada)]

Harley-Davidson, Inc. (HOG) 
Last harley-davidson, inc. earnings: 4/28 06:50 am Check Earnings Report
Harley-Davidson cuts dividend, halts buybacks as coronavirus hits sales A Harley-Davidson motorcycle stands on display at a shop in Paris on Aug. 16, 2018. Philippe Wojazer/Reuters A Harley-Davidson motorcycle stands on display at a shop in Paris on Aug. 16, 2018. Harley-Davidson Inc cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycles sales in the first quarter. The company, which has $1.47 billion in cash, said it was in talks with big U.S. banks to get an additional $1.30 billion in loans to ride out the crisis. The cash preservation plan lifted Harley shares, which have lost nearly half of its value so far this year, up 9 per cent in premarket trading. Earlier this month, the motorcycle maker pulled its 2020 profit forecast and decided to temporarily lay off most of its global production employees as well as cut salaries of its leadership team in a bid to Show less Read more
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