Briggs & Stratton Co. (NYSE:BGG) announced a quarterly dividend on Thursday, August 15th, Fidelity reports. Investors of record on Wednesday, September 18th will be given a dividend of 0.05 per share by the industrial products company on Wednesday, October 2nd. This represents a $0.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, September 17th.

Briggs & Stratton has increased its dividend payment by an average of 2.5% per year over the last three years. Briggs & Stratton has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Briggs & Stratton to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 32.3%.

NYSE BGG opened at $6.36 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. Briggs & Stratton has a twelve month low of $3.96 and a twelve month high of $21.11. The firm has a market capitalization of $259.27 million, a PE ratio of -19.88 and a beta of 1.23. The stock’s 50 day moving average is $6.61 and its 200 day moving average is $10.16.

Briggs & Stratton (NYSE:BGG) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.82). Briggs & Stratton had a negative net margin of 2.95% and a negative return on equity of 2.61%. The firm had revenue of $471.95 million for the quarter, compared to the consensus estimate of $519.87 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that Briggs & Stratton will post 0.2 earnings per share for the current year.

Several equities research analysts recently weighed in on BGG shares. Zacks Investment Research lowered Briggs & Stratton from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 20th. ValuEngine upgraded Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, TheStreet lowered Briggs & Stratton from a “c-” rating to a “d” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

In related news, VP Rachele Marie Lehr acquired 6,000 shares of the stock in a transaction on Friday, August 30th. The stock was acquired at an average price of $4.35 per share, for a total transaction of $26,100.00. Following the completion of the purchase, the vice president now owns 45,570 shares of the company’s stock, valued at $198,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank M. Jaehnert acquired 40,000 shares of the stock in a transaction on Friday, August 30th. The shares were bought at an average price of $4.39 per share, with a total value of $175,600.00. Following the purchase, the director now directly owns 70,479 shares of the company’s stock, valued at approximately $309,402.81. The disclosure for this purchase can be found here. Insiders have purchased 94,000 shares of company stock worth $405,350 over the last 90 days. 7.60% of the stock is currently owned by corporate insiders.

About Briggs & Stratton

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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Dividend History for Briggs & Stratton (NYSE:BGG)

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