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

Polaris Inc. (NYSE:PII) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.66 per share on Monday, June 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, June 3rd.

Polaris has increased its dividend payment by an average of 1.6% annually over the last three years and has increased its dividend annually for the last 29 consecutive years. Polaris has a payout ratio of 28.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Polaris to earn $9.10 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 29.0%.

Polaris Price Performance

Shares of NYSE:PII opened at $83.81 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.46 and a current ratio of 1.47. The firm has a fifty day moving average price of $92.56 and a 200 day moving average price of $91.51. Polaris has a fifty-two week low of $82.00 and a fifty-two week high of $138.49. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 2.44 and a beta of 1.60.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. Polaris’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, sell-side analysts expect that Polaris will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PII has been the topic of several recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Truist Financial reduced their target price on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a research note on Wednesday. StockNews.com raised shares of Polaris from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America initiated coverage on shares of Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Finally, Citigroup reduced their price target on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Polaris has a consensus rating of “Hold” and an average target price of $100.27.

Polaris Company Profile

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.