Polaris: 11% Increase in Cash Dividend
The Board of Directors of Polaris Industries Inc. has approved an 11 percent increase in the regular quarterly cash dividend effective with the 2006 first quarter dividend. The first quarter dividend of $.31 will be payable on February 15, 2006 to shareholders of record at the close of business on February 1, 2006.
“This increase represents the 11th consecutive year of increasing the dividend and demonstrates the company’s consistently strong financial performance over the years,” said Tom Tiller, Chief Executive Officer of Polaris. “We remain confident in the future growth of our business and cash flows and, as we have done in the past, we will continue to return a portion of the cash flow generated by the company to our shareholders in the form of cash dividends and share repurchases, balanced against other strategic options.”
