Brunswick Corporation (BC) to Issue Quarterly Dividend of $0.44 on March 13th

Brunswick Corporation (NYSE:BC) declared a quarterly dividend on Thursday, February 12th. Investors of record on Monday, February 23rd will be given a dividend of 0.44 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, February 23rd. This is a 2.3% increase from Brunswick’s previous quarterly dividend of $0.43.

Brunswick has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. Brunswick has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brunswick to earn $5.35 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 32.9%.

Brunswick Stock Performance

Shares of BC opened at $87.09 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. The stock has a 50-day moving average of $81.40 and a two-hundred day moving average of $70.12. The stock has a market cap of $5.66 billion, a P/E ratio of -41.08 and a beta of 1.39. Brunswick has a one year low of $41.00 and a one year high of $89.61.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Brunswick will post 4.19 EPS for the current year.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 4,981 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $87.38, for a total value of $435,239.78. Following the transaction, the vice president directly owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. This trade represents a 11.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $86.56, for a total value of $3,312,304.96. Following the sale, the chief executive officer owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of institutional investors have recently made changes to their positions in the company. First Horizon Corp acquired a new position in Brunswick in the 3rd quarter valued at $26,000. Farther Finance Advisors LLC grew its holdings in shares of Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after buying an additional 159 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in shares of Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after buying an additional 166 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Brunswick by 38.4% in the fourth quarter. Quarry LP now owns 440 shares of the company’s stock worth $33,000 after buying an additional 122 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.