Brunswick Corporation (NYSE:BC – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Monday, May 18th will be given a dividend of 0.44 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, May 18th.
Brunswick has increased 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 payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brunswick to earn $5.38 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 32.7%.
Brunswick Price Performance
NYSE:BC opened at $78.49 on Wednesday. The business’s 50-day moving average price is $76.02 and its 200 day moving average price is $75.71. The firm has a market cap of $5.11 billion, a P/E ratio of -37.38 and a beta of 1.33. Brunswick has a 52-week low of $45.44 and a 52-week high of $90.25. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13.
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.
Further Reading
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