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Harman raises annual dividend to $1.32 per share

HARMAN International Industries 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 33c per share. The higher rate represents a 10% 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 and the first quarterly payment will be in September.