Brunswick Corporation (NYSE:BC) Increases Dividend to $0.44 Per Share

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

Brunswick has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 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

BC stock traded down $0.41 during midday trading on Thursday, reaching $86.31. The company had a trading volume of 1,075,840 shares, compared to its average volume of 1,020,050. The firm has a market capitalization of $5.61 billion, a PE ratio of -40.71 and a beta of 1.39. The stock has a 50 day moving average price of $80.72 and a 200 day moving average price of $69.82. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $89.61. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11.

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