NEW YORK ( TheStreet) -- The ex-dividend date for Polaris Industries (NYSE: PII) is tomorrow, October 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $64.99 as of 2:16 p.m. ET, the dividend yield is 1.5%.

The average volume for Polaris has been 1.1 million shares per day over the past 30 days. Polaris has a market cap of $4.1 billion and is part of the consumer goods sector and automotive industry. Shares are up 58.9% year to date as of the close of trading on Wednesday.

Polaris Industries Inc. designs, engineers, and manufactures off-road vehicles. It offers all terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; and on-road vehicles, including motorcycles and low emission vehicles. The company has a P/E ratio of 19.1, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Polaris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Polaris Ratings Report.

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