Polaris Inc. (PII) To Go Ex-Dividend on September 1st

Polaris Inc. (NYSE:PII) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.68 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st.

Polaris has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 30 years. Polaris has a payout ratio of 1,088.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Polaris to earn $3.44 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 79.1%.

Polaris Stock Down 1.8%

Polaris stock opened at $66.96 on Friday. The stock’s 50 day moving average price is $69.20 and its 200 day moving average price is $64.23. Polaris has a 1-year low of $47.14 and a 1-year high of $77.98. The company has a market cap of $3.81 billion, a PE ratio of -14.46 and a beta of 1.25. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.48.

Polaris (NYSE:PII) last released its earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.Polaris’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, sell-side analysts predict that Polaris will post 2.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Polaris

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris in the 4th quarter valued at about $27,000. Danske Bank A S raised its holdings in Polaris by 150.0% in the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the period. Elevation Wealth Partners LLC lifted its position in Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after buying an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Polaris during the fourth quarter valued at approximately $40,000. Finally, Bard Associates Inc. purchased a new stake in Polaris during the fourth quarter worth approximately $46,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.