On January 30, 2014, Polaris Industries Inc. (PII) announced a 14.3% increase in its quarterly cash
dividend per share to $0.48 ($1.92 annually) from $0.42 per quarter ($1.68 annually). The increase is
payable March 17, 2014 to shareholders of record as of March 3, 2014.
From the press release: "This dividend increase demonstrates the fact that returning value to our
shareholders remains one of our top priorities and highlights our confidence in the future growth
prospects of Polaris," noted Scott Wine, Chairman and CEO of Polaris. "We have now increased our
dividend each year over the past nineteen years, which is a testament to the consistent long-term
financial management and discipline of our world-class team. Our relentless focus on business execution
and balanced approach to capital allocation allows us to enhance returns to shareholders while
maintaining the financial strength and flexibility to pursue value-creating opportunities and invest in
innovation for future growth."
Polaris Industries is in the Consumer Discretionary sector of our Dearborn Partners Core Rising Dividend
separately managed account (SMA) portfolio. Polaris is a recognized leader in the power sports industry
with annual 2013 sales of $3.8 billion. Polaris designs, engineers, manufactures and markets innovative,
high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER(R) and RZR(R)
side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles. Polaris is
among the global sales leaders for both snowmobiles and off-road vehicles and has established a
presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian
motorcycle brands. Additionally, Polaris continues to invest in the global on-road small vehicle industry
with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed
vehicles. Polaris enhances the riding experience with a complete line of Polaris and KLIM branded
apparel and Polaris accessories and parts.
Also on January 30, 2014, Health Care REIT Inc. (HCN) announced a 3.9% increase in its quarterly cash
dividend per share to $0.795 ($3.18 annually) from $0.765 per quarter ($3.06 annually). The increase is
payable February 20, 2014 to shareholders of record as of February 10, 2014.
Health Care REIT is a real estate investment trust (REIT), which Standard & Poor’s considers as part of
the Financial sector. The shares are in our Dearborn Partners High & Rising Dividend SMA portfolio. This
is the company’s 171st consecutive quarterly dividend payment and its fourth consecutive annual
dividend increase. Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio,
invests across the full spectrum of seniors housing and health care real estate. The company also
provides an extensive array of property management and development services. As of September 30,
2013, the company’s broadly diversified portfolio consisted of 1,197 properties in 46 states, the United
Kingdom and Canada.
Five companies in our SMA portfolios have announced dividend increases so far in 2014. The average of
these five dividend increases is about 11.2% more than these companies paid a year earlier.
Thank you for your interest in our Dearborn Partners Rising Dividend Strategy.
There is no assurance that any Rising Dividend portfolio company will increase its dividend, or
not reduce its dividend, or not have a significant decrease in its stock price. All investing involves
risk.