Polaris Inc. (PII) to Issue Quarterly Dividend of $0.67 on March 17th

Polaris Inc. (NYSE:PII) declared a quarterly dividend on Thursday, January 30th, RTT News reports. Investors 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 5.97%. The ex-dividend date is Monday, March 3rd. 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% annually over the last three years and has increased its dividend every year for the last 30 years. Polaris has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Polaris to earn $2.86 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 93.7%.

Polaris Stock Performance

NYSE PII opened at $44.88 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris has a 1 year low of $42.85 and a 1 year high of $100.91. The company has a market capitalization of $2.52 billion, a PE ratio of 22.90, a P/E/G ratio of 13.95 and a beta of 1.50. The company has a fifty day moving average of $51.57 and a two-hundred day moving average of $67.21.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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, analysts expect that Polaris will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PII. Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada decreased their target price on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. BMO Capital Markets decreased their target price on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. DA Davidson cut their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.17.

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.