Polaris Declares Increase in Cash Dividend
January 31 2020 - 2:13PM
Business Wire
Board of Directors approves a 2% increase in
the regular quarterly cash dividend; 25th consecutive year of
dividend increases
Polaris Inc. (NYSE:PII) announced today that its Board of
Directors approved a 2 percent increase in the regular quarterly
cash dividend, raising the payout to $0.62 per share. This increase
represents the 25th consecutive year of Polaris increasing its
dividend effective with the 2020 first quarter dividend. The first
quarter dividend will be payable on March 16, 2020 to shareholders
of record at the close of business on March 2, 2020.
Scott Wine, Polaris’ Chairman and CEO, stated, “Throughout our
65 year history, Polaris has displayed an unwavering commitment to
being the Best in Powersports Plus through innovation, quality and
safety. Our dedication to this cause has forged enduring
relationships with our customers and driven profitable growth. As a
result, we are able to raise our annual dividend for the 25th
consecutive year, proudly entering the esteemed club of Dividend
Aristocrats. Consistent capital return to our shareholders will
remain a priority for our Board and management team as we execute
our vision to be a customer-centric, highly efficient growth
company.”
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. With annual 2019 sales of $6.8
billion, 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; Indian Motorcycle®
mid-size and heavyweight motorcycles; Slingshot® moto-roadsters;
snowmobiles; and deck, cruiser and pontoon boats, including
industry-leading Bennington pontoons. 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 includes military and
commercial off-road vehicles, quadricycles, and electric vehicles.
Proudly headquartered in Minnesota, Polaris serves more than 100
countries across the globe. www.polaris.com
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Investor Contact: Richard Edwards 763-542-0500
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