Board of Directors approves a 2% increase in the regular quarterly cash dividend;
25th consecutive year of dividend increases
MINNEAPOLIS–(BUSINESS WIRE)–Polaris Inc. (NYSE:PII) announced today that its Board of Directors approved a 2 percent increase in the regular quarterly cash dividend, raising the payout to $0.62 per share. This increase represents the 25th consecutive year of Polaris increasing its dividend effective with the 2020 first quarter dividend. The first quarter dividend will be payable on March 16, 2020 to shareholders of record at the close of business on March 2, 2020.
Scott Wine, Polaris’ Chairman and CEO, stated, “Throughout our 65 year history, Polaris has displayed an unwavering commitment to being the Best in Powersports Plus through innovation, quality and safety. Our dedication to this cause has forged enduring relationships with our customers and driven profitable growth. As a result, we are able to raise our annual dividend for the 25th consecutive year, proudly entering the esteemed club of Dividend Aristocrats. Consistent capital return to our shareholders will remain a priority for our Board and management team as we execute our vision to be a customer-centric, highly efficient growth company.”
As the global leader in Powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. With annual 2019 sales of $6.8 billion, Polaris’ high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments, and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com
Investor Contact: Richard Edwards 763-542-0500