The Company’s share price increased 2.9 percent during 2003 and underperformed the s&p 500, which was up 26.4 percent.The Company increased its dividend for the 11th consecutive year in 2003 and doubled its quarterly payout in the fourth quarter. Since Harley-Davidson, Inc. became a public company in 1986, shareholders have enjoyed a compound annual growth rate of over 31 percent, along with five 2-for-1 stock splits.