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

Key Points

• Polaris Inc. announced a quarterly dividend of $0.67 per share, which will be paid to shareholders on September 15th, representing a yield of 5.1%.
• The company has a high payout ratio of 1,072.0%, indicating it currently relies on its balance sheet to fund dividends, though future earnings projections suggest a more sustainable payout ratio of 93.7%.
• Polaris reported a decline in quarterly revenue of 5.5% year-over-year, but exceeded earnings expectations with $0.40 EPS compared to a consensus estimate of $0.05.

Polaris Inc. (NYSE:PII - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Tuesday, September 2nd will be given a dividend of 0.67 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 2nd.

Polaris has a dividend payout ratio of 1,072.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Down 0.1%

Shares of NYSE:PII traded down $0.03 during trading on Monday, reaching $49.59. 144,941 shares of the stock traded hands, compared to its average volume of 1,741,260. The stock has a 50-day moving average of $44.54 and a two-hundred day moving average of $42.55. Polaris has a 52-week low of $30.92 and a 52-week high of $87.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The stock has a market cap of $2.79 billion, a P/E ratio of -26.35 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The business's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Polaris will post 1.11 earnings per share for the current fiscal year.

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.