Polaris Industries Inc.’s Board of Directors has approved a 14 percent increase in its 2013 regular cash dividend, raising the payout to $0.42 per share.
The first quarterly dividend will be payable March 15 to shareholders of record at the close of business March 1.
“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 percent increase in our dividend,” Scott Wine, Polaris’ chairman and CEO commented.