Brunswick (BC) Declares $0.42 Dividend
Brunswick said on February 15, 2024 that its board of directors declared a regular quarterly dividend of $0.42 per share ($1.68 annualized). Previously, the company paid $0.40 per share.
Shareholders of record as of February 26, 2024 will receive the payment on March 15, 2024.
At the current share price of $87.79 / share, the stock's dividend yield is 1.91%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.71%, the lowest has been 1.01%, and the highest has been 3.56%. The standard deviation of yields is 0.36 (n=234).
The current dividend yield is 0.55 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.26. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.48%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 912 funds or institutions reporting positions in Brunswick. This is an increase of 29 owner(s) or 3.28% in the last quarter. Average portfolio weight of all funds dedicated to BC is 0.28%, a decrease of 0.59%. Total shares owned by institutions increased in the last three months by 1.95% to 80,282K shares. 
The put/call ratio of BC is 0.81, indicating a bullish outlook.
Analyst Price Forecast Suggests 7.64% Upside
As of January 19, 2024, the average one-year price target for Brunswick is 94.50. The forecasts range from a low of 70.70 to a high of $120.75. The average price target represents an increase of 7.64% from its latest reported closing price of 87.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Brunswick is 7,905MM, an increase of 23.49%. The projected annual non-GAAP EPS is 11.81.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 2,699K shares representing 3.96% ownership of the company. In it's prior filing, the firm reported owning 2,997K shares, representing a decrease of 11.01%. The firm decreased its portfolio allocation in BC by 84.33% over the last quarter.
Cantillon Capital Management holds 2,396K shares representing 3.51% ownership of the company. In it's prior filing, the firm reported owning 4,392K shares, representing a decrease of 83.34%. The firm decreased its portfolio allocation in BC by 60.16% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,183K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 2,145K shares, representing an increase of 1.72%. The firm decreased its portfolio allocation in BC by 9.08% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,153K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 2,218K shares, representing a decrease of 3.01%. The firm decreased its portfolio allocation in BC by 8.12% over the last quarter.
American Century Companies holds 1,967K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 1,972K shares, representing a decrease of 0.25%. The firm increased its portfolio allocation in BC by 7.42% over the last quarter.
Brunswick Background Information
(This description is provided by the company.)
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; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Garelick, and Whale marine parts; 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, NAUTIC-ON, OnBoard Boating Club and Rentals.
Additional reading:
- 2024 Brunswick Performance Plan Summary Terms and Conditions.
- 2024 Performance Share Grant Terms and Conditions Pursuant to the Brunswick Corporation 2023 Stock Incentive Plan.
- 2024 Stock-Settled Restricted Stock Unit Grant Terms and Conditions Pursuant to the Brunswick Corporation 2023 Stock Incentive Plan.
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