Brunswick Corporation (NYSE:BC) Shares Set to Pay Quarterly Dividend of $0.44

Key Points

• Brunswick declared a quarterly dividend of $0.44 per share, payable December 15 to shareholders of record on November 24. The annualized dividend is $1.76, yielding approximately 2.7%.
• The company has raised its dividend for 13 consecutive years, with a current earnings payout ratio of 43.6%; analysts expect the dividend to remain well covered by projected earnings.
• Brunswick’s latest quarterly results exceeded expectations, with EPS of $1.56 versus the $1.19 consensus and revenue rising 7.7% year over year. Analysts have a consensus “Moderate Buy” rating and an average price target of $88.

Brunswick Corporation (NYSE:BC - Get Free Report) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.44 per share on Tuesday, December 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 24th.

Brunswick has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Brunswick has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brunswick to earn $5.49 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 32.1%.

Brunswick Stock Up 1.2%

Shares of BC opened at $64.60 on Tuesday. The company has a market capitalization of $4.19 billion, a P/E ratio of -49.04 and a beta of 1.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. Brunswick has a one year low of $59.06 and a one year high of $90.25. The business's 50 day simple moving average is $71.07 and its 200-day simple moving average is $76.93.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.37. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company earned $0.90 EPS. Brunswick's revenue for the quarter was up 7.7% on a year-over-year basis. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, sell-side analysts predict that Brunswick will post 4.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial increased their target price on Brunswick from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, July 6th. DA Davidson reaffirmed a "neutral" rating and issued a $76.00 price target on shares of Brunswick in a report on Monday, August 17th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brunswick in a research report on Monday, September 21st. Robert W. Baird set a $92.00 price objective on shares of Brunswick in a report on Friday, July 31st. Finally, William Blair set a $94.00 price objective on shares of Brunswick in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.00.

Brunswick Company Profile

Brunswick Corporation NYSE: BC is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.

The company's marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.

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