Board of Directors approves a 3% increase in the regular quarterly
cash dividend; 23rd consecutive year of
dividend increases
MINNEAPOLIS--(BUSINESS WIRE)--
Polaris Industries Inc. (NYSE:PII) announced today that its Board of
Directors approved a 3 percent increase in the regular quarterly cash
dividend, raising the payout to $0.60 per share. This increase
represents the 23rd consecutive year of Polaris increasing
its dividend effective with the 2018 first quarter dividend. The first
quarter dividend will be payable on March 15, 2018 to shareholders of
record at the close of business on March 1, 2018.
Scott Wine, Polaris’ Chairman and CEO, commented, “We have an unwavering
commitment to being a customer-centric, highly efficient growth company.
A disciplined approach to capital allocation is fundamental to that goal
as we seek to create ongoing long-term value for our shareholders.
Polaris’ 23rd consecutive annual dividend increase is a
testament to that promise, and reflects our confidence that we will
continue to strengthen our market leadership through a focus on superior
innovation, productivity, safety, quality, and customer service.”
About Polaris
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 2017
sales of $5.4 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 includes military and commercial off-road
vehicles, quadricycles, and electric vehicles. Proudly headquartered in
Minnesota, Polaris serves more than 100 countries across the globe.
Visit www.polaris.com
for more information.
Click
here to subscribe to Mobile Alerts for Polaris Industries Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180202005341/en/
Source: Polaris Industries Inc.