Board of Directors approves a 5% increase in the regular quarterly
Polaris Industries Inc. (NYSE:PII) announced today that its Board of
Directors approved a 5 percent increase in the regular quarterly cash
dividend, raising the payout to $0.58 per share. This increase
represents the 22nd consecutive year of Polaris increasing
its dividend effective with the 2017 first quarter dividend. The first
quarter dividend will be payable on March 15, 2017 to shareholders of
record at the close of business on March 1, 2017.
Scott Wine, Polaris’ Chairman and CEO, commented, “We are very proud of
our 22-year history of increasing dividend payments. We have maintained
a disciplined, consistent approach to returning cash to shareholders,
and dividends remain one of the important ways we can deliver further
value. We believe this most recent dividend increase underscores our
confidence in Polaris’ future growth and profitability prospects, steady
cash flow generation, and continued strong financial position.”
Polaris Industries Inc. (NYSE: PII) is a
global powersports leader that has been fueling the passion of riders,
workers and outdoor enthusiasts for more than 60 years. With annual 2016
sales of $4.5 billion, Polaris’ innovative, high-quality product line-up
includes the RANGER®, RZR® and
Polaris GENERAL™ side-by-side off-road vehicles; the Sportsman®
and Polaris ACE® all-terrain off-road vehicles; Indian
Motorcycle® midsize and heavyweight motorcycles; Slingshot®
moto-roadsters; and Polaris RMK®, INDY®, Switchback®
and RUSH® snowmobiles. Polaris enhances the riding experience
with parts, garments and accessories, along with a growing aftermarket
portfolio, including Transamerican Auto Parts. Polaris’ presence in
adjacent markets globally include military and commercial off-road
vehicles, quadricycles, and electric vehicles. Proudly headquartered in
Minnesota, Polaris serves more than 100 countries across the globe.
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Source: Polaris Industries Inc.