Polaris Industries (PII) will raise its quarterly dividend by 5.5 percent to $0.58 per share in 2017.

This increase represents the 22nd consecutive year of Polaris increasing its dividend effective with the 2017 first quarter dividend. The first quarter dividend will be payable on March 15, 2017 to shareholders of record at the close of business on March 1, 2017.

Scott Wine, Polaris' Chairman and CEO, commented, "We are very proud of our 22-year history of increasing dividend payments. We have maintained a disciplined, consistent approach to returning cash to shareholders, and dividends remain one of the important ways we can deliver further value. We believe this most recent dividend increase underscores our confidence in Polaris' future growth and profitability prospects, steady cash flow generation, and continued strong financial position."

Polaris Industries Inc. manufactures off-road vehicles, snowmobiles, motorcycles and global adjacent markets vehicles. Its brands include RZR, Indian Motorcycle and Slingshot. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles.