Polaris Industries Announces 64% Increase in Cash Dividend for 2012

Symbols: PII
Posted in: News, Dividends
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Polaris Industries Inc. (NYSE: PII) today announced that its Board of Directors approved a 64 percent increase in the regular quarterly cash dividend to $0.37 per share effective in the first quarter 2012.

Scott Wine, Polaris' CEO, commented: “During calendar year 2011 our net income increased 55 percent on 33 percent sales growth. Given this strong performance, our solid long-term growth prospects, and our ongoing commitment to enhancing shareholder value, for the 17^th consecutive year we are raising our dividend payout. This percentage increase is our largest since 1995, reflecting the momentum and potential of our business and the strength of our balance sheet.”


 
 
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