Polaris Declares Regular Cash Dividend

Rhea-AI Summary

Polaris Inc. (NYSE: PII) has announced a 2% increase in its regular quarterly cash dividend, raising it to $0.67 per share. This marks the company's 30th consecutive year of dividend increases, maintaining its status as a Dividend Aristocrat. The first quarter dividend for 2025 will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.

CEO Mike Speetzen emphasized that this consistent dividend growth demonstrates Polaris' strong balance sheet and confidence in their long-term strategy, while highlighting their commitment to delivering shareholder value.

Positive

• 30-year track record of consecutive dividend increases
• 2% increase in quarterly dividend to $0.67 per share
• Maintains Dividend Aristocrat status
• Strong balance sheet indicated by consistent dividend growth

Negative

• Relatively modest 2% dividend increase rate

News Market Reaction – PII

-2.73%

1 alert

-2.73% News Effect

On the day this news was published, PII declined 2.73%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Board of Directors approves a 2% increase in the regular quarterly cash dividend;
30^th consecutive year of dividend increases

MINNEAPOLIS, Jan. 30, 2025 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced today that its Board of Directors approved a two percent increase in the regular quarterly cash dividend, raising the payout to $0.67 per share. This increase represents the 30^th consecutive year of Polaris increasing its dividend effective with the 2025 first quarter dividend. The first quarter dividend will be payable on March 17, 2025 to shareholders of record at the close of business on March 3, 2025.

"Today marks Polaris' 30^th consecutive year of not only paying a dividend, but also increasing the dividend," said Mike Speetzen, Polaris CEO. "Our track record as a Dividend Aristocrat reflects our strong balance sheet and our confidence in Polaris' long-term strategy, along with our focus on delivering value to our shareholders."

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. Polaris' high-quality product line-up includes the RANGER, RZR and Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Headquartered in Minnesota, Polaris serves nearly 100 countries across the globe. www.polaris.com 

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SOURCE Polaris Inc.

FAQ

What is Polaris' new quarterly dividend amount for 2025?

Polaris (PII) has increased its quarterly dividend by 2% to $0.67 per share for 2025.

When will Polaris (PII) pay its Q1 2025 dividend?

Polaris will pay its Q1 2025 dividend on March 17, 2025, to shareholders of record as of March 3, 2025.

How many consecutive years has Polaris (PII) increased its dividend?

Polaris has increased its dividend for 30 consecutive years, maintaining its status as a Dividend Aristocrat.

What is the percentage increase in Polaris' 2025 quarterly dividend?

Polaris announced a 2% increase in its regular quarterly cash dividend for 2025.

What is the record date for Polaris' Q1 2025 dividend?

The record date for Polaris' Q1 2025 dividend is March 3, 2025.