Polaris Inc. (NYSE:PII) Declares 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 given a dividend of 0.67 per share on Monday, March 17th. This represents a $2.68 annualized dividend and a dividend yield of 5.48%. This is a positive change from Polaris’s previous quarterly dividend of $0.66.

Polaris has increased its dividend payment by an average of 1.6% per year 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. Equities analysts expect Polaris to earn $4.50 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 58.7%.

Polaris Trading Up 0.3 %

PII opened at $48.95 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 14.41 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris has a twelve month low of $48.44 and a twelve month high of $100.91. The company has a 50-day simple moving average of $59.44 and a 200 day simple moving average of $72.14.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts predict that Polaris will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PII. Roth Mkm dropped their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Truist Financial dropped their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday. DA Davidson cut their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets lowered their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.