Polaris Declares Regular Cash Dividend

Rhea-AI Summary

Polaris Inc. (NYSE: PII) has announced a 2% increase in its quarterly cash dividend, now at $0.65 per share, marking the 28th consecutive year of dividend increases. This increase is effective for the 2023 first quarter dividend, payable on March 15, 2023, to shareholders of record as of March 1, 2023. CEO Mike Speetzen stated that the company is well-positioned financially to meet its 5-year targets and remains committed to rewarding shareholders. This announcement reinforces Polaris' reputation as a dividend aristocrat.

Positive

• Dividend increased by 2% to $0.65 per share.
• 28th consecutive year of dividend increases.
• Strong financial position to meet 5-year targets.

Negative

• None.

Board of Directors approves a 2% increase in the regular quarterly cash dividend; 28^th consecutive year of dividend increases

MINNEAPOLIS, Feb. 2, 2023 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that its Board of Directors approved a two percent increase in the regular quarterly cash dividend, raising the payout to $0.65 per share.  This increase represents the 28^th consecutive year of Polaris increasing its dividend effective with the 2023 first quarter dividend.  The first quarter dividend will be payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023.

"Our team once again proved their agility, driving profitable growth and positive cash generation to conclude a year that brought many economic headwinds," said Mike Speetzen, Polaris CEO. "Entering 2023, we are in a strong financial position to deliver results aligned with our 5-year targets. As a result, we are raising our annual dividend for the 28th consecutive year, building on our legacy as a dividend aristocrat and underscoring our commitment to our shareholders."

About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe.  www.polaris.com 

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SOURCE Polaris Inc.

FAQ

What is the new dividend amount for Polaris Inc. (NYSE: PII)?

The new quarterly cash dividend for Polaris Inc. is $0.65 per share.

When will Polaris Inc.'s dividend be paid?

The dividend will be payable on March 15, 2023.

Who qualifies for the Polaris Inc. dividend?

Shareholders of record as of March 1, 2023, will qualify for the dividend.

How long has Polaris Inc. increased its dividend?

Polaris Inc. has increased its dividend for 28 consecutive years.

What significance does the dividend increase have for shareholders?

The dividend increase reflects Polaris' strong financial performance and commitment to returning value to shareholders.