Arctic Cat Increases Quarterly Dividend 25 Percent
MINNEAPOLIS -- May 15, 2014
Arctic Cat Inc. (NASDAQ: ACAT) announced today that its board of directors
approved raising the quarterly cash dividend to shareholders by 25 percent to
$0.125 per share of common stock. The dividend is payable on or about June 13,
2014, to shareholders of record as of the close of business on May 30, 2014.
Arctic Cat currently has approximately 12.9 million common shares outstanding.
“The dividend increase reflects our confidence in the business and our
continuing commitment to enhance shareholder value,” said Claude Jordan,
Arctic Cat’s chairman and chief executive officer.
The increase will raise Arctic Cat’s annual dividend payout from $0.40 per
share to $0.50 per share for the fiscal year ending March 31, 2015.
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain
vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat^® brand
name, as well as related parts, garments and accessories. Its common stock is
traded on the NASDAQ Global Select Market under the ticker symbol “ACAT.” More
information about Arctic Cat and its products is available at
The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for certain forward-looking statements. The Company’s Annual Report, as well
as the Report on Form 10-K, its Quarterly Reports on Form 10-Q and other
filings with the Securities and Exchange Commission, the Company’s press
releases and oral statements made with the approval of an authorized executive
officer, contain forward-looking statements that reflect the Company’s current
views with respect to future events and financial performance. These
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from historical results or
those anticipated. The words “aim,” “believe,” “expect,” “anticipate,”
“intend,” “estimate” and other expressions that indicate future events and
trends identify forward-looking statements including statements related to our
fiscal 2015 outlook, business strategy, benefits of our co-branding
partnership with Yamaha and expected product demand. Actual future results and
trends may differ materially from historical results or those anticipated
depending on a variety of factors, including, but not limited to: product mix
and volume; competitive pressure on sales, pricing and sales incentives;
increase in material or production cost which cannot be recouped in product
pricing; unexpected delays in the introduction of new products; changes in the
sourcing of engines; interruption of dealer floorplan financing; warranty
expenses and product recalls; foreign currency exchange rate fluctuations;
product liability claims and other legal proceedings in excess of reserves or
insured amounts; environmental and product safety regulatory activity; effects
of the weather; general economic conditions and political changes; interest
rate changes; consumer demand and confidence; and those set forth in the
Company’s Annual Report on Form 10-K for the year ended March 31, 2013, under
heading “Item 1A. Risk Factors.” The Company does not undertake any obligation
to publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Chief Financial Officer
Shawn Brumbaugh, 612-455-1754
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