Polaris Announces Continued Commitment to Shareholders with Cash Dividend Increase

Polaris Inc. Continues Its Commitment to Shareholders with Dividend Increase

In a recent announcement, Polaris Inc. (NYSE: PII) declared a significant milestone in its financial history. The company's Board of Directors has approved a two percent increase in its regular quarterly cash dividend. This increase raises the payout from $0.65 to $0.67 per share. In doing so, Polaris marks its 30th consecutive year of dividend increases, showcasing its strong performance and commitment to shareholder value.

Key Details of the Dividend Increase

The new dividend rate will officially take effect during the first quarter of 2025. Shareholders can expect to receive the dividend payment on March 17, 2025, as long as they are on record as of the close of business on March 3, 2025. This announcement is indicative of Polaris' solid financial strategy and robust balance sheet, which allows the company to reward its shareholders consistently over the decades.

CEO's Perspective on the Milestone

Mike Speetzen, the CEO of Polaris, expressed his pride in the company's performance, stating, "Today marks Polaris' 30th consecutive year of not only paying a dividend, but also increasing the dividend." Speetzen highlighted the importance of dividends as a signal of the company's long-term strategy and resilience in the powersports industry. This accomplishment positions Polaris alongside the elite class of Dividend Aristocrats, a term used to describe companies that have increased their dividends for at least 25 consecutive years.

A Legacy of Innovation and Outdoor Experiences

Polaris Inc. has a rich history rooted in powersports, dating back to its founding in 1954. The company has continually pushed the boundaries in creating products that enable outdoor enthusiasts to enjoy their adventures. Its extensive portfolio includes models like the RANGER, RZR, and Polaris XPEDITION, along with motorcycles under the Indian Motorcycle brand and various off-road vehicles. This commitment to quality and innovation has endeared Polaris to customers globally.

Looking ahead

As Polaris moves into the future, it aims to maintain its position as a leader in the powersports industry while continuously enhancing the riding experience. The robust dividend model not only rewards current shareholders but also attracts potential investors looking for stability during uncertain economic times. With operations in nearly 100 countries, Polaris has established itself as a substantial player in the global market.

In conclusion, Polaris Inc.'s announcement regarding its increased dividend reflects a company that values its shareholders while remaining committed to long-term growth and innovation. As it celebrates this milestone, Polaris sets the stage for further achievements in both product development and shareholder engagement.