Brunswick Corporation (NYSE:BC) Plans $0.43 Quarterly Dividend

Key Points

• Brunswick Corporation has declared a quarterly dividend of $0.43 per share, payable on December 15th to stockholders of record as of November 26th, representing a 2.7% dividend yield.
• The company's earnings per share for the last reported quarter was $1.16, exceeding analysts' expectations of $0.89, with revenues reaching $1.45 billion.
• Brunswick's stock has received multiple upgrades from analysts, with the consensus rating at "Hold" and an average price target of $67.62.

Brunswick Corporation (NYSE:BC - Get Free Report) declared a quarterly dividend on Monday, October 20th. Stockholders of record on Wednesday, November 26th will be given a dividend of 0.43 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, November 26th.

Brunswick has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brunswick to earn $5.35 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 Stock Performance

Brunswick stock opened at $63.41 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The stock has a market cap of $4.14 billion, a P/E ratio of 102.28 and a beta of 1.36. Brunswick has a 52 week low of $41.00 and a 52 week high of $87.65. The stock has a 50 day moving average of $63.88 and a 200-day moving average of $56.96.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. On average, analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BC shares. Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Truist Financial lifted their price target on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Weiss Ratings restated a "hold (c-)" rating on shares of Brunswick in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Brunswick from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $67.62.

About Brunswick

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.

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