Polaris Inc. (NYSE:PII – Get Free Report) announced a quarterly dividend on Thursday, January 29th. Investors of record on Monday, March 2nd will be paid a dividend of 0.68 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 1.5% increase from Polaris’s previous quarterly dividend of $0.67.
Polaris has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 30 consecutive years. Polaris has a dividend payout ratio of 1,072.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Polaris to earn $2.86 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 93.7%.
Polaris Stock Performance
NYSE PII traded down $0.48 during trading on Friday, reaching $64.20. 56,955 shares of the company’s stock were exchanged, compared to its average volume of 937,909. The business has a 50 day moving average price of $67.69 and a 200-day moving average price of $61.94. The stock has a market capitalization of $3.61 billion, a P/E ratio of -7.87, a PEG ratio of 2.11 and a beta of 1.14. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.98 and a quick ratio of 0.36. Polaris has a fifty-two week low of $30.92 and a fifty-two week high of $75.25.
Polaris Company Profile
Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.
Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.
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