13 Extreme Dividend Stocks With Huge Upside Potential

10. Polaris Inc. (NYSE:PII)

Dividend Yield as of March 13: 5.36%

Upside Potential as of March 13: 32.01%

On March 11, Wells Fargo initiated coverage of Polaris Inc. (NYSE:PII) with an Equal Weight rating. The firm set a $52 price target on the stock. The analyst said the company is making progress in improving the quality of its business. At the same time, the demand backdrop “remains poor,” according to a research note sent to investors. Wells Fargo also views tariffs as a “key overhang” for the stock and believes Polaris’ “share capture debate remains unresolved for now.”

Earlier in February, Polaris announced the completion of its previously announced separation of Indian Motorcycle into a standalone business. The company also sold a majority stake in Indian Motorcycle to Carolwood LP, an independent private equity firm founded in 2014 and headquartered in Los Angeles. Polaris Chief Executive Officer Mike Speetzen made the following comment:

“The successful completion of this transaction is a great outcome for all. Separating Indian Motorcycle enables Polaris to sharpen our strategic and operating focus on our core growth businesses, while driving immediate value creation for shareholders.”

Polaris Chief Executive Officer Mike Speetzen. designs, engineers, manufactures, and markets powersports vehicles. The company also designs and manufactures or sources parts, garments, and accessories (PG&A), including aftermarket accessories and apparel.

Polaris Inc. (NYSE:PII) is a leading US manufacturer of powersports vehicles, with products spanning off-road vehicles, snowmobiles, motorcycles through Indian Motorcycle, and boats.