SmarterDividends
PII

Polaris Inc.

PII30 yrs growth

Consumer Cyclical · Recreational Vehicles · Stock · quarterly payer

$55.15

Fairly valued · +13% Add to Portfolio

Forward Yield

4.93%

Annual Dividend

$2.72

Payout Ratio

368%

5-Yr Growth

1.6%

Ex-Date

Sep 1, 2026

Frequency

Quarterly

Key facts about PII's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Polaris Inc. (PII) has a forward dividend yield of 4.93%, based on an annual dividend of $2.72 per share and a share price of $55.15.
  • As of Oct 27, 2026, PII's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Polaris Inc. (PII) has raised its dividend for 30 consecutive years as of Oct 27, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • PII last cut its regular dividend in 1995.
  • PII's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.68 per share.
  • As of Oct 27, 2026, PII pays out 368% of its trailing 12-month earnings as dividends (its payout ratio).
  • PII's dividend has grown at an average rate of 1.6% a year over the past five years.
  • As of Oct 27, 2026, PII's 4.93% yield is 61% above its five-year average yield of 3.07%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for PII is $62.09 per share, 13% above the $55.15 share price, so PII screens as fairly valued.
  • Polaris Inc. (PII) pays its dividend quarterly, 4 times a year.
  • Polaris Inc. (PII) has raised its regular dividend 33 times and cut it 1 time across the 151 payments on record since 1989. Its most recent change was a 1.5% increase to $0.680 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Oct 30, 1995.
  • Polaris (PII) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 1.5%, was declared on Jan 29, 2026.
Cite this page

SmarterDividends, "PII Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/PII

Summary

As of Oct 27, 2026, Polaris Inc. (PII) yields 4.93% ($2.72 a year per share), has a dividend safety grade of A (80/100) and has 30 consecutive years of dividend increases on record.

Is PII a good dividend stock?

Yes

Polaris Inc. (PII) pays a quarterly dividend yielding 4.93% ($2.72/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Dividend Aristocrat — 30 consecutive years of growth
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 1995
  • Elevated payout ratio (368%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.93%
Payout Ratio
368%
Annual Dividend
$2.72
5-Yr Avg Growth
1.6%
Ex-Dividend Date
Sep 1, 2026
Years of Growth
30
Frequency
quarterly
Beta
1.34
Market Cap
$3.1B
P/E Ratio
—
5-Yr Total Return
-51%
52-Week Range
$47.14 – $77.98
Dividend Safety
A · 80/100
Ever Cut?
Yes (1995)

PII dividend raises and cuts

Polaris Inc. (PII) has raised its regular dividend 33 times and cut it 1 time across the 151 payments on record since 1989. Its most recent change was a 1.5% increase to $0.680 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Oct 30, 1995.

Ex-dateChangeOld → newMove
Mar 2, 2026Raise$0.670 → $0.680+1.5%
Mar 3, 2025Raise$0.660 → $0.670+1.5%
Feb 29, 2024Raise$0.650 → $0.660+1.5%
Feb 28, 2023Raise$0.640 → $0.650+1.6%
Feb 28, 2022Raise$0.630 → $0.640+1.6%
Feb 26, 2021Raise$0.620 → $0.630+1.6%
Feb 28, 2020Raise$0.610 → $0.620+1.6%
Feb 28, 2019Raise$0.600 → $0.610+1.7%
Feb 28, 2018Raise$0.580 → $0.600+3.4%
Feb 27, 2017Raise$0.550 → $0.580+5.5%
Feb 26, 2016Raise$0.530 → $0.550+3.8%
Feb 26, 2015Raise$0.480 → $0.530+10.4%
Show all 34 changes since 1990
Ex-dateChangeOld → newMove
Feb 27, 2014Raise$0.420 → $0.480+14.3%
Feb 27, 2013Raise$0.370 → $0.420+13.5%
Feb 28, 2012Raise$0.225 → $0.370+64.4%
Jan 28, 2011Raise$0.200 → $0.225+12.5%
Jan 28, 2010Raise$0.195 → $0.200+2.6%
Jan 30, 2009Raise$0.190 → $0.195+2.6%
Jan 30, 2008Raise$0.170 → $0.190+11.8%
Jan 30, 2007Raise$0.155 → $0.170+9.7%
Jan 30, 2006Raise$0.140 → $0.155+10.7%
Jan 28, 2005Raise$0.115 → $0.140+21.7%
Jan 29, 2004Raise$0.0775 → $0.115+48.4%
Jan 29, 2003Raise$0.0700 → $0.0775+10.7%
Jan 30, 2002Raise$0.0625 → $0.0700+12.0%
Jan 30, 2001Raise$0.0550 → $0.0625+13.6%
Jan 28, 2000Raise$0.0500 → $0.0550+10.0%
Jan 28, 1999Raise$0.0450 → $0.0500+11.1%
Jan 29, 1998Raise$0.0400 → $0.0450+12.5%
Feb 4, 1997Raise$0.0375 → $0.0400+6.7%
Feb 1, 1996Raise$0.0325 → $0.0375+15.4%
Oct 30, 1995Cut$0.105 → $0.0325−69.0%
Sep 9, 1993Raise$0.104 → $0.105+0.8%
Mar 9, 1990Raise$0.0500 → $0.104+108.3%
Every PII payment →Download every raise and cut (CSV)
PII ex-dividend date & scheduleNext ex-date Sep 1, 2026 · full ex-dividend historyView →PII dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PII a good dividend stock?

Yes. Polaris Inc. (PII) pays a quarterly dividend yielding 4.93% ($2.72/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is PII undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PII's fair value is about $62.09 versus a $55.15 share price — so it looks fairly valued (+13% vs. fair value).

Is PII's dividend safe?

PII has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 30-year growth streak, a dividend cut in 1995, debt and yield-versus-history.

What is PII's fair value?

Our blended fair-value estimate for PII is about $62.09 per share, roughly 13% above the current $55.15 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PII a buy, hold, or sell?

We don't issue formal ratings, but on the data PII screens as "yes" and fairly valued. Polaris Inc. (PII) pays a quarterly dividend yielding 4.93% ($2.72/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will PII cut its dividend?

PII earns a dividend-safety grade of A (80/100), and has cut its dividend before (last in 1995). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PII pay a dividend?

Yes. Polaris Inc. pays a quarterly dividend of about $2.72 per share annually, a forward yield of roughly 4.93%.

What is PII's dividend yield?

As of Oct 27, 2026, PII's forward dividend yield is 4.93%, based on a $2.72 annual dividend and a $55.15 share price.

What is PII's dividend per share?

As of Oct 27, 2026, PII pays $2.72 per share per year, distributed on a quarterly basis.

What is PII's dividend payout ratio?

As of Oct 27, 2026, PII's payout ratio is 368% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PII grown its dividend?

As of Oct 27, 2026, PII has increased its dividend for 30 consecutive years.

When is the next PII ex-dividend date?

As of Oct 27, 2026, PII's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.68 per share.

Income Calculator

At $2.72 / yr per share

Per payment (quarterly)$68.00
Annual$272.00
Monthly avg$22.67

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