By Stephen Nakrosis
Off-road vehicle maker Polaris on Thursday said its board approved an increase in the company's quarterly dividend, raising it to 67 cents a share from 66 cents.
The new dividend, $2.68 on an annual basis, represents a yield of about 5.4%, based on the $49.04 closing price for Polaris shares on Thursday.
The company said its first quarter dividend will be payable on March 17 to shareholders of record at the close of business on March 3.
Polaris said it has raised dividends for the past 30 years. The company last raised its dividend in Feb. of 2024.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 30, 2025 16:45 ET (21:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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