Polaris Industries Inc. Announces Quarterly Dividend of $0.58 (NYSE:PII)
Polaris Industries Inc. (NYSE:PII) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. Investors of record on Friday, September 1st will be given a dividend of 0.58 per share on Friday, September 15th. This represents a $2.32 annualized dividend and a yield of 2.58%.
Polaris Industries has raised its dividend by an average of 9.4% per year over the last three years and has raised its dividend every year for the last 5 years. Polaris Industries has a payout ratio of 52.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Polaris Industries to earn $5.23 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 44.4%.
Polaris Industries (NYSE:PII) traded down 4.13% during mid-day trading on Wednesday, reaching $89.99. The company had a trading volume of 1,235,145 shares. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 37.64 and a beta of 1.32. The stock has a 50-day moving average of $89.61 and a 200 day moving average of $86.55. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $99.16.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that Polaris Industries will post $4.47 EPS for the current year.
A number of equities analysts have recently commented on PII shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price target on shares of Polaris Industries in a report on Thursday, April 27th. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Saturday, April 15th. Wedbush reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Polaris Industries in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $79.00 price target on shares of Polaris Industries in a report on Friday, June 9th. Finally, BidaskClub raised Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.87.
In other Polaris Industries news, Director Gwenne A. Henricks acquired 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of $92.27 per share, with a total value of $110,724.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at $110,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael T. Speetzen sold 5,000 shares of Polaris Industries stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. Following the sale, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
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Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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