Brunswick Co. (NYSE:BC) Declares Quarterly Dividend of $0.43

Brunswick Co. (NYSE:BC) announced a quarterly dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.43 per share on Friday, March 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42.

Brunswick has increased its dividend by an average of 9.6% 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 32.5% 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 Down 1.9 %

BC opened at $62.81 on Friday. The firm’s 50-day simple moving average is $66.37 and its 200-day simple moving average is $75.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. Brunswick has a twelve month low of $62.33 and a twelve month high of $96.65. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 33.06 and a beta of 1.54.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period last year, the business posted $1.45 EPS. Equities research analysts anticipate that Brunswick will post 4.19 EPS for the current fiscal year.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on BC. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. B. Riley raised shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Benchmark decreased their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.85.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.