BRP Inc. (NASDAQ:DOO) Announces Quarterly Dividend of C$0.25

BRP Inc. (NASDAQ:DOO) announced a quarterly dividend on Wednesday, March 25th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.25 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 10th. This is a 257.1% increase from BRP’s previous quarterly dividend of $0.07.

BRP Trading Up 3.4%

DOO traded up $2.24 during trading on Thursday, hitting $67.24. The stock had a trading volume of 565,182 shares, compared to its average volume of 199,622. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 181.73 and a beta of 1.22. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. BRP has a 12 month low of $31.78 and a 12 month high of $81.89. The company has a 50 day simple moving average of $73.90.

BRP (NASDAQ:DOO) last released its quarterly earnings results on Thursday, March 26th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. BRP had a net margin of 0.45% and a return on equity of 67.30%. The company’s quarterly revenue was up 16.0% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Invesco Ltd. acquired a new stake in BRP during the fourth quarter worth about $9,701,000. Summit Global Investments bought a new position in BRP during the fourth quarter valued at about $474,000. State of Tennessee Department of Treasury acquired a new position in BRP in the 4th quarter valued at approximately $5,007,000. Mackenzie Financial Corp bought a new stake in shares of BRP in the 4th quarter worth approximately $207,651,000. Finally, XTX Topco Ltd bought a new stake in shares of BRP in the 4th quarter worth approximately $361,000.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.