BRP Inc. (DOOO) to Issue Quarterly Dividend of $0.15 on April 22nd

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Wednesday, March 27th, investing.com reports. Shareholders of record on Monday, April 8th will be given a dividend of 0.1545 per share on Monday, April 22nd. This represents a $0.62 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, April 5th.

BRP has raised its dividend by an average of 67.1% annually over the last three years.

BRP Price Performance

NASDAQ DOOO opened at $67.10 on Friday. BRP has a 12 month low of $57.15 and a 12 month high of $92.74. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 7.82 and a beta of 2.12. The company’s 50 day moving average is $65.24 and its two-hundred day moving average is $68.77. The company has a current ratio of 1.40, a quick ratio of 0.41 and a debt-to-equity ratio of 4.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOOO shares. UBS Group cut shares of BRP from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, TheStreet cut shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.88.

Institutional Investors Weigh In On BRP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Group One Trading L.P. bought a new stake in BRP in the first quarter worth $52,000. State of Wyoming increased its position in BRP by 126.5% in the fourth quarter. State of Wyoming now owns 845 shares of the company’s stock worth $65,000 after purchasing an additional 472 shares during the last quarter. Power Corp of Canada bought a new stake in BRP in the first quarter worth $69,000. Ensign Peak Advisors Inc bought a new stake in BRP in the third quarter worth $93,000. Finally, BNP Paribas Arbitrage SA bought a new stake in BRP in the second quarter worth $94,000.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.