Polaris Industries (PII) Raises Quarterly Dividend 10.4% to $0.53; Adds 4M Common to Buyback

Polaris Industries (NYSE: PII) declared a quarterly dividend of $0.53 per share, or $2.12 annualized. This is a 10.4% increase from the prior dividend of $0.48.

The dividend will be payable on March 16, 2015, to stockholders of record on March 2, 2015, with an ex-dividend date of February 26, 2015.

The annual yield on the dividend is 1.4 percent.

Polaris also announced that its Board of Directors has approved an increase in the Company’s common stock repurchase authorization by 4.0 million shares. The additional share repurchase authorization, together with the 1.1 million shares remaining available for repurchase under the prior authorization, represents approximately eight percent of the shares of Polaris common stock currently outstanding. The repurchase of any or all such shares authorized for repurchase will be governed by applicable SEC rules and dependent on management’s assessment of market conditions.

For a dividend history and other dividend-related data on Polaris Industries (PII) click here.

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