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

Polaris Inc. (NYSE:PII) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 1st will be given a dividend of 0.68 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st.

Polaris has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 30 consecutive years. Polaris has a payout ratio of 1,088.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Polaris to earn $3.70 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 73.5%.

Polaris Stock Performance

NYSE PII opened at $63.87 on Friday. The firm’s 50 day simple moving average is $68.67 and its 200 day simple moving average is $64.14. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.79 and a beta of 1.26. Polaris has a 1 year low of $47.14 and a 1 year high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted ($1.39) EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, research analysts expect that Polaris will post 3.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polaris

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP lifted its position in Polaris by 53.4% during the second quarter. Corient Private Wealth LP now owns 34,602 shares of the company’s stock valued at $2,368,000 after purchasing an additional 12,043 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Polaris during the 2nd quarter valued at $2,553,000. California State Teachers Retirement System grew its stake in shares of Polaris by 6,615.7% in the second quarter. California State Teachers Retirement System now owns 4,233,151 shares of the company’s stock worth $289,717,000 after purchasing an additional 4,170,117 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Polaris in the second quarter valued at $217,000. Finally, HB Wealth Management LLC purchased a new position in shares of Polaris during the second quarter valued at about $357,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

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.