Brunswick Corporation Declares Quarterly Dividend

Rhea-AI Summary

Brunswick Corporation (NYSE: BC) announced a 24% increase in its quarterly dividend, raising it to $0.335 per share. This marks the ninth consecutive year of dividend increases, demonstrating the company’s strong financial position. The dividend is set to be paid on June 15, 2021, to shareholders recorded by May 18, 2021. CEO Dave Foulkes emphasized the company’s robust earnings and cash flow as key factors enabling this significant dividend boost, reflecting strong confidence in the company’s outlook and strategy.

Positive

• 24% increase in quarterly dividend to $0.335 per share.
• Ninth consecutive year of dividend increases.
• Strong financial profile and exceptional earnings reported.
• Confidence in company outlook and strategy highlighted by leadership.

Negative

• None.

METTAWA, Ill., April 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Brunswick Corporation (NYSE: BC) today declared a quarterly dividend on its common stock of $0.335 per share, an increase of 24% to the current dividend.

This marks the ninth consecutive year of dividend increases.

The dividend will be payable on June 15, 2021 to shareholders of record at the close of business on May 18, 2021.

“Our strong financial profile, exceptional earnings and cash flow generation affords us the opportunity to significantly increase our dividend earlier in the year than we have in past years, reflecting the continued confidence we have in our outlook and strategy” said Dave Foulkes, Brunswick Corporation Chief Executive Officer.

About Brunswick

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands like MotorGuide, Attwood, Mastervolt, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and Boat Class.  For more information, visit brunswick.com.

FAQ

What is the new dividend amount for Brunswick Corporation?

Brunswick Corporation has increased its quarterly dividend to $0.335 per share.

When is the dividend payment date for Brunswick Corporation?

The dividend will be paid on June 15, 2021.

What has been the trend in Brunswick Corporation's dividends?

Brunswick Corporation has seen a 24% increase in dividends, marking the ninth consecutive year of dividend increases.

Who declared the dividend increase for Brunswick Corporation?

The Board of Directors of Brunswick Corporation declared the dividend increase.

When is the record date for Brunswick Corporation's dividend?

The record date for the dividend is May 18, 2021.