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MINNEAPOLIS - Polaris Inc. (NYSE:PII), a global leader in powersports, has announced a 2% increase in its regular quarterly cash dividend, marking the 30th consecutive year of dividend growth for the company. The new dividend of $0.67 per share is slated for payment on March 17, 2025, to shareholders of record as of March 3, 2025. With a current dividend yield of 5.41%, Polaris offers significant returns to shareholders. InvestingPro data reveals the company has maintained dividend payments for 38 consecutive years, with 13 additional insights available to subscribers.
The company’s CEO, Mike Speetzen, highlighted the significance of this milestone, stating, "Today marks Polaris’ 30th consecutive year of not only paying a dividend, but also increasing the dividend." He attributed this achievement to Polaris’ robust balance sheet and the company’s confidence in its long-term strategy. Speetzen also emphasized their commitment to delivering value to shareholders. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at its current market capitalization of $2.73 billion, trading near its 52-week low of $48.44.
Polaris, founded in 1954, is known for its innovation in the powersports industry, offering a wide range of products including off-road vehicles, snowmobiles, motorcycles, and electric vehicles, as well as pontoon and deck boats. The company’s diverse portfolio is designed to enhance outdoor experiences for customers worldwide.
This dividend increase is a testament to Polaris’ financial health and its ability to consistently return value to its investors. It also solidifies the company’s status as a Dividend Aristocrat, a term used to describe companies with a long track record of consecutive dividend increases.
The information is based on a press release statement from Polaris Inc.
In other recent news, Polaris Industries has been the subject of multiple analyst adjustments following the release of its fiscal year 2025 guidance and fourth-quarter earnings. DA Davidson, RBC Capital Markets, and Citi have all revised their price targets for Polaris, with DA Davidson reducing it to $60, RBC to $54, and Citi to $53, while all maintaining their respective ratings.
Polaris reported strong fourth-quarter earnings and revenue that surpassed analyst expectations with adjusted earnings per share of $0.92 and revenue of $1.755 billion. However, the company’s FY25 adjusted earnings per share guidance of approximately $1.10 fell short of investor expectations, triggering the revisions.
In addition to these revisions, Polaris plans to achieve approximately $40 million in structural cost savings by 2025 through lean initiatives and a 10% reduction in variable costs at its plants compared to 2024. These are recent developments concerning Polaris Industries.
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