MINNEAPOLIS -- (Business Wire)
Polaris Industries Inc. (NYSE: PII) today announced that its Board of
Directors approved a 14% percent increase in the 2013 regular quarterly
cash dividend that raises the payout to $0.42 per share. The first
quarterly dividend will be payable on March 15, 2013 to shareholders of
record at the close of business on March 1, 2013.
“For the 18th consecutive year we are raising our dividend
payout, underscoring our focus on generating shareholder value. In 2012,
we delivered another year of outstanding growth and profitability as our
net income increased 37 percent on 21 percent sales growth. This
performance, alongside our continued confidence in the execution of our
long-term strategy, the strength of our balance sheet and our ability to
generate strong cash flows, supports the 14% increase in our dividend,”
Scott Wine, Polaris’ Chairman and CEO commented. “We are committed to
maintaining a proper equilibrium between shareholder return and ongoing
investment in the business. This balance is emphasized by our continued
solid financial performance, even as we expand our operations worldwide
including doubling the size of our research and development facility,
continuing to fund the re-launch of Indian motorcycles and the
development of our new European manufacturing facility.”
Polaris is a recognized leader in the powersports industry with annual
2012 sales of $3.2 billion. Polaris designs, engineers, manufactures and
markets innovative, high quality off-road vehicles, including
all-terrain vehicles (ATVs) and the Polaris RANGER®
and RZR® side-by-side vehicles, snowmobiles,
motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and
off-road vehicles and has established a presence in the heavyweight
cruiser and touring motorcycle market with the Victory and Indian
motorcycle brands. Additionally, Polaris continues to invest in the
global on-road small electric/hybrid powered vehicle industry with
Global Electric Motorcars (GEM), Goupil Industrie SA, and internally
developed vehicles. Polaris enhances the riding experience with a
complete line of Pure Polaris and KLIM branded apparel and Polaris
accessories and parts.
Polaris Industries Inc. trades on the New York Stock Exchange under the
symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock
Information about the complete line of Polaris products, apparel and
vehicle accessories are available from authorized Polaris dealers or
anytime at www.polaris.com.
Polaris Industries Inc.
Richard Edwards, 763-542-0500
Source: Polaris Industries Inc.
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