April 26 2004. Harley-Davidson, Inc. (NYSE:HDI) has announced that its Board of Directors approved an increased quarterly dividend and the repurchase of Company stock at its Annual Shareholder Meeting held in Milwaukee on April 24, 2004. All items of business presented to shareholders were approved at the meeting.

Harley-Davidson Inc.'s Board of Directors approved a cash dividend of $0.10 per share payable June 24, 2004 to shareholders of record as of June 3, 2004. This represents a 25 percent increase over the previous dividend paid on March 25, 2004. The Board of Directors also authorized the repurchase of up to 20 million shares of the Company's stock.