Dividend Champions List: Top 15 Stocks to Buy

6. Polaris Inc. (NYSE:PII)

Dividend Yield as of October 2: 4.28%

An American auto manufacturer, Polaris Inc. (NYSE:PII) is gaining continuous investors’ attention because of its business model and dividend. Shareholders have been collecting growing dividends consistently for the past 30 years, which is not an easy feat to achieve, especially in this industry. Currently, it offers a per-share dividend of $0.67 every quarter, with a dividend yield of 4.28%, as of October 2.

Polaris Inc. (NYSE:PII) has built its name around powersports, designing and making vehicles built for adventure. The company’s core business is off-road machines like ATVs and side-by-sides, but it also owns the Indian Motorcycle brand and has been carving out a bigger presence in the water with its marine line, which includes pontoons and recreational boats. To get its products out, Polaris relies on a huge network—more than 2,500 dealers across North America and another 1,500-plus abroad.

When it comes to strategy, the playbook is pretty clear. Polaris Inc. (NYSE:PII) puts a lot of weight on rolling out new products, holding onto its lead in core markets, making the most of its dealer network, and spreading revenue across its off-road, on-road, and marine businesses.