Polaris Inc. (NYSE:PII) Declares Quarterly Dividend of $0.66

Polaris Inc. (NYSE:PII) announced a quarterly dividend on Thursday, October 24th,RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.66 per share on Monday, December 16th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, December 2nd.

Polaris has increased its dividend payment by an average of 1.6% per year over the last three years and has increased its dividend every year for the last 29 years. Polaris has a dividend payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Polaris to earn $3.84 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 68.8%.

Polaris Trading Up 1.2 %

PII stock opened at $69.10 on Friday. The company has a market cap of $3.85 billion, a P/E ratio of 19.30, a PEG ratio of 7.13 and a beta of 1.52. Polaris has a twelve month low of $64.56 and a twelve month high of $100.91. 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 business has a fifty day moving average of $74.97 and a 200-day moving average of $78.77.

Polaris (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company’s revenue was down 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.71 EPS. As a group, equities research analysts expect that Polaris will post 3.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a report on Thursday. KeyCorp dropped their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. DA Davidson dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price target on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $87.09.

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.