Brunswick Co. (NYSE:BC) declared a quarterly dividend on Tuesday, July 16th, Zacks reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.21 per share on Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, August 19th.
Brunswick has raised its dividend payment by an average of 14.1% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Brunswick has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brunswick to earn $5.17 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 16.2%.
NYSE:BC opened at $44.13 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.98. Brunswick has a one year low of $41.02 and a one year high of $69.82. The business’s 50-day simple moving average is $46.27 and its 200 day simple moving average is $48.67. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.70.
BC has been the topic of several recent analyst reports. Northcoast Research cut Brunswick from a “buy” rating to a “neutral” rating and set a $45.31 price target on the stock. in a research note on Thursday, June 27th. ValuEngine upgraded Brunswick from a “strong sell” rating to a “sell” rating in a research note on Monday, July 29th. TheStreet cut Brunswick from a “b-” rating to a “c” rating in a research note on Thursday, April 25th. Longbow Research set a $68.00 price objective on Brunswick and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Wedbush set a $53.00 price objective on Brunswick and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.19.
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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