BRP Inc. (NASDAQ:DOO) Declares Quarterly Dividend of C$0.07

Key Points

• BRP Inc. declared a quarterly dividend of C$0.07 per share, payable March 30 with an ex‑dividend/record date of March 26, implying about a 0.4% yield.
• BRP beat earnings expectations, reporting $2.21 EPS versus a $2.03 consensus and revenue growth of 16% year‑over‑year.
• Large institutional investors added significant new positions in Q4, including Mackenzie, Price T. Rowe, Capital World, FIL and Vanguard.

BRP Inc. (NASDAQ:DOO - Get Free Report) declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Thursday, March 26th will be given a dividend of 0.07 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 26th.

BRP Trading Up 0.2%

Shares of NASDAQ:DOO opened at $65.00 on Thursday. The company's 50 day moving average price is $73.90. The stock has a market capitalization of $4.77 billion, a PE ratio of 175.68 and a beta of 1.22. BRP has a 12 month low of $31.78 and a 12 month high of $81.89. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOO - Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. BRP had a net margin of 0.45% and a return on equity of 67.30%. The firm's revenue was up 16.0% on a year-over-year basis.

Institutional Investors Weigh In On BRP

A number of large investors have recently added to or reduced their stakes in DOO. Mackenzie Financial Corp purchased a new position in shares of BRP in the 4th quarter worth about $207,651,000. Price T Rowe Associates Inc. MD bought a new stake in BRP in the 4th quarter worth approximately $169,341,000. Capital World Investors purchased a new stake in BRP in the fourth quarter worth approximately $158,763,000. FIL Ltd bought a new position in BRP during the fourth quarter valued at approximately $123,110,000. Finally, Vanguard Group Inc. purchased a new position in shares of BRP during the fourth quarter worth approximately $98,153,000.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.

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