Polaris Inc. (NYSE:PII) Announces Quarterly Dividend of $0.67

Polaris Inc. (NYSE:PII) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.67 per share on Monday, March 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.48%. This is a boost from Polaris’s previous quarterly dividend of $0.66.

Polaris has increased its dividend payment by an average of 1.6% annually over the last three years and has raised its dividend every year for the last 13 years. Polaris has a payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Polaris to earn $2.99 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 88.3%.

Polaris Trading Up 0.3 %

PII stock traded up $0.17 during midday trading on Thursday, reaching $48.95. The stock had a trading volume of 2,705,976 shares, compared to its average volume of 1,615,495. The business has a fifty day simple moving average of $59.80 and a two-hundred day simple moving average of $72.30. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 6.05 and a beta of 1.53. Polaris has a twelve month low of $48.44 and a twelve month high of $100.91.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 17.92% and a net margin of 2.64%. As a group, research analysts expect that Polaris will post 3.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PII. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a report on Wednesday. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird reduced their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.82.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.