Brunswick Co. (BC) To Go Ex-Dividend on February 24th

Brunswick Co. (NYSE:BC) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.43 per share on Friday, March 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42.

Brunswick has raised its dividend by an average of 9.6% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Brunswick has a payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Brunswick to earn $5.36 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 32.1%.

Brunswick Price Performance

NYSE:BC opened at $65.55 on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 34.50 and a beta of 1.54. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $67.50 and its two-hundred day moving average price is $75.65.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period last year, the firm earned $1.45 EPS. On average, equities analysts anticipate that Brunswick will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Benchmark reduced their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. DA Davidson reduced their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Roth Mkm reduced their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus reduced their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial dropped their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.