Polaris Inc. (NYSE:PII) to Issue Quarterly Dividend of $0.67

Polaris Inc. (NYSE:PII - Get Free Report) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.67 per share on Monday, March 17th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66.

Polaris has increased its dividend by an average of 1.6% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Polaris has a payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Polaris to earn $2.57 per share next year, which means the company may not be able to cover its $2.64 annual dividend with an expected future payout ratio of 102.7%.

Polaris Stock Performance

PII stock traded down $4.14 during midday trading on Monday, hitting $43.56. The stock had a trading volume of 6,337,073 shares, compared to its average volume of 1,914,723. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $58.48 and a 200 day simple moving average of $71.43. Polaris has a 52 week low of $43.20 and a 52 week high of $100.91. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 14.51 and a beta of 1.50.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share 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%. As a group, equities research analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research analyst reports. Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Robert W. Baird decreased their price target on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a research note on Monday, December 30th. Finally, BMO Capital Markets lowered their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $66.17.

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.