Polaris Industries said on February 2, 2023 that its board of directors declared a regular
quarterly dividend
of $0.65 per share ($2.60 annualized).
Shareholders of record as of February 28, 2023
will receive the payment on March 15, 2023.
Previously, the company paid $0.64 per share.

At the current share price of $118.14 / share,
the stock’s dividend yield is 2.20%.

Looking back five years and taking a sample every week, the average dividend yield has been
2.48%,
the lowest has been 1.74%,
and the highest has been 5.94%.
The standard deviation of yields is 0.56 (n=236).

The current dividend yield is
0.50 standard deviations

below
the historical average.

Additionally, the company’s dividend payout ratio is 0.33.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.03%,
demonstrating that it has increased its dividend over time.

Analyst Price Forecast Suggests 2.75% Downside

As of February 4, 2023,
the average one-year price target for Polaris Industries is $114.90.
The forecasts range from a low of $81.81 to a high of $173.25.
The average price target represents a decrease of 2.75% from its latest reported closing price of $118.14.

The projected annual revenue for Polaris Industries
is $8,588MM, a decrease of 0.57%.

The projected annual EPS
is $10.39, an increase of 37.81%.

Fund Sentiment

There are 863 funds or institutions reporting positions in Polaris Industries.
This is an increase
of
6
owner(s) or 0.70%.

Average portfolio weight of all funds dedicated to US:PII is 0.2312%,
a decrease
of 9.0613%.

Total shares owned by institutions decreased
in the last three months by 6.41% to 66,703K shares.

What are large shareholders doing?

PII / Polaris Industries, Inc Ownership

Capital World Investors
holds 6,079,907 shares

representing 10.49% ownership of the company.

In it’s prior filing, the firm reported owning 5,980,373 shares, representing
an increase
of 1.64%.

The firm

increased

its portfolio allocation in PII by 3.51% over the last quarter.

AGTHX – GROWTH FUND OF AMERICA
holds 3,857,278 shares

representing 6.66% ownership of the company.

In it’s prior filing, the firm reported owning 3,860,916 shares, representing
a decrease
of 0.09%.

The firm

increased

its portfolio allocation in PII by 2.05% over the last quarter.

Boston Partners
holds 2,646,911 shares

representing 4.57% ownership of the company.

In it’s prior filing, the firm reported owning 2,570,688 shares, representing
an increase
of 2.88%.

The firm

increased

its portfolio allocation in PII by 3.85% over the last quarter.

Manufacturers Life Insurance Company, The
holds 2,226,951 shares

representing 3.84% ownership of the company.

In it’s prior filing, the firm reported owning 2,460,296 shares, representing
a decrease
of 10.48%.

The firm

decreased

its portfolio allocation in PII by 12.50% over the last quarter.

Beutel, Goodman & Co
holds 2,133,541 shares

representing 3.68% ownership of the company.

In it’s prior filing, the firm reported owning 2,151,823 shares, representing
a decrease
of 0.86%.

The firm

increased

its portfolio allocation in PII by 3.96% over the last quarter.

Polaris Background Information
(This description is provided by the company.)

As the global leader in powersports, Polaris Inc. pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. With annual 2020 sales of $7.0 billion, Polaris’ high-quality product line-up includes the Polaris RANGER, RZR and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

link

By admin