Briggs & Stratton (BGG) Lowers Quarterly Dividend 64.3% to $0.05; 2.4% Yield

August 15, 2019 8:17 AM EDT

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Briggs & Stratton (NYSE: BGG) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is a 64.3% decrease from the prior dividend of $0.14.

The dividend will be payable on October 2, 2019, to stockholders of record on September 18, 2019, with an ex-dividend date of September 17, 2019.

The annual yield on the dividend is 2.4 percent.

"This action will help us to direct more funds to debt reduction and investments in attractive commercial products and enabling technologies. It sets a payout that we believe is sustainable and can grow over time. Going forward, we will continue to direct funds in those areas that deliver the highest risk-adjusted return on investment," stated Todd J. Teske, Briggs & Stratton's Chairman and Chief Executive Officer.

For a dividend history and other dividend-related data on Briggs & Stratton (BGG) click here.

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