14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now

8. Polaris Inc. (NYSE:PII)

Number of Hedge Fund Holders: 31

Consecutive Years of Dividend Growth: 30

On January 8, Seaport Research launched coverage of Polaris Inc. (NYSE:PII) with a Buy rating and an $83 price target. The firm described Polaris as a producer of high-quality outdoor recreation products and said it remains constructive on the US consumer and broader outdoor activity trends. Seaport also noted that conditions in the powersports market appear to be gradually improving, as dealer inventory levels start to normalize. Overall, the firm believes Polaris shares look undervalued and argues the market isn’t fully recognizing the company’s earnings potential.

Separately, in October, Polaris announced plans to carve out Indian Motorcycle and run it as a standalone business. The company has signed a definitive agreement to sell a majority stake in Indian Motorcycle to Carolwood LP, a Los Angeles-based private equity firm founded in 2014. For context, Indian Motorcycle generated roughly $478 million, or about 7% of Polaris’ revenue, over the trailing twelve months ended June 30, 2025.

Polaris expects the deal to be financially beneficial once completed. Management said the transaction should lift annualized adjusted EBITDA by about $50 million and add roughly $1.00 to adjusted EPS. Closing is expected in Q1 2026, assuming standard closing conditions are met. Polaris also said it plans to keep a small equity stake in Indian Motorcycle after the transaction and expressed confidence in the brand’s future under Carolwood’s ownership.

Polaris Inc. (NYSE:PII) designs, engineers, manufactures, and markets a wide range of powersports vehicles.