Brunswick Corporation (NYSE:BC) Announces Quarterly Dividend of $0.44

Brunswick Corporation (NYSE:BC) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.44 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, February 23rd. This is a 2.3% increase from Brunswick’s previous quarterly dividend of $0.43.

Brunswick has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Brunswick has a dividend payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brunswick to earn $5.35 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 32.1%.

Brunswick Stock Performance

Shares of NYSE BC traded down $0.41 during mid-day trading on Thursday, hitting $86.31. The company had a trading volume of 1,075,840 shares, compared to its average volume of 1,020,050. Brunswick has a 12 month low of $41.00 and a 12 month high of $89.61. The firm has a market cap of $5.61 billion, a P/E ratio of -40.71 and a beta of 1.39. The business’s 50-day simple moving average is $80.72 and its 200-day simple moving average is $69.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.44 and a quick ratio of 0.61.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.