Brunswick (BC) Raises Quarterly Dividend 12.5% to $0.27; 1.6% Yield

Brunswick (NYSE: BC) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is a 12.5% increase from the prior dividend of $0.24. The dividend will be payable on December 18, 2020, to stockholders of record on November 24, 2020, with an ex-dividend date of November 23, 2020. The annual yield on the dividend is 1.6 percent.

This marks the eighth consecutive year of dividend increases.

“Our decision to increase the dividend is evidence of our board’s confidence in the strength of our focused marine portfolio and reflects our ongoing commitment to execute against our strategy and capital plans,” said Brunswick Chief Executive Officer David Foulkes. “The healthy marine market and the strong demand we continue to see for our industry leading brands, including the strong and steady profitability of our Parts & Accessories business, reflects the belief in our ability to continue to create long-term value for our shareholders.”

For a dividend history and other dividend-related data on Brunswick (BC) click here.

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