Polaris Inc. (NYSE:PII – Get Free Report) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Investors 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 yield of 3.71%.
Polaris has raised its dividend by an average of 1.6% per year over the last three years and has raised its dividend annually for the last 29 consecutive years. Polaris has a payout ratio of 62.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Polaris to earn $5.91 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 44.7%.
Polaris Trading Up 0.7 %
NYSE:PII opened at $71.23 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. Polaris has a 52 week low of $68.59 and a 52 week high of $100.91. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 7.48 and a beta of 1.51. The firm has a 50 day moving average of $81.58 and a 200 day moving average of $81.78.
Analyst Ratings Changes
PII has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial decreased their price target on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, Robert W. Baird reduced their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.09.
View Our Latest Stock Analysis on Polaris
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.
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