Brunswick Corp. (BC) Announces Annual Dividend of $0.10
Brunswick Corp. (NYSE:BC) announced a annual dividend on Thursday, October 31st, Analyst Ratings News reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.10 per share on Friday, December 13th. This represents a dividend yield of 0.22%. The ex-dividend date is Monday, November 18th. This is a boost from Brunswick Corp.’s previous annual dividend of $0.05.
A number of analysts have recently weighed in on BC shares. Analysts at Citigroup Inc. initiated coverage on shares of Brunswick Corp. in a research note to investors on Wednesday, October 9th. They set a “buy” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Brunswick Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $44.00 price target on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Brunswick Corp. in a research note to investors on Friday, September 13th. They now have a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.75.
Shares of Brunswick Corp. (NYSE:BC) traded down 0.35% during mid-day trading on Thursday, hitting $45.13. 1,118,859 shares of the company’s stock traded hands. Brunswick Corp. has a 1-year low of $23.53 and a 1-year high of $39.86. The stock’s 50-day moving average is $41.53 and its 200-day moving average is $36.26. The company has a market cap of $4.120 billion and a P/E ratio of 37.52.
Brunswick Corp. (NYSE:BC) last announced its earnings results on Thursday, October 24th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $907.84 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Brunswick Corp. will post $2.71 EPS for the current fiscal year.
In other Brunswick Corp. news, VP Alan L. Lowe unloaded 23,343 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $43.00, for a total transaction of $1,003,749.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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