other material
confidence high
sentiment positive
materiality 0.75
Polaris declares $0.65 dividend and authorizes new $1B share repurchase program
Polaris Inc.
- Quarterly cash dividend of $0.65 per share, payable Dec 15, 2023 to holders of record Dec 1, 2023.
- Board authorized new $1B share repurchase program, effective immediately, in addition to ~$204M remaining from prior authorization.
- Year-to-date repurchases total 1.4 million shares; CFO cites commitment to repurchase at least 10% of outstanding shares.
- New repurchase program has no expiration date; timing depends on market conditions and other factors.