METTAWA, Ill., Oct. 16, 2018 - The board of directors of Brunswick Corporation (NYSE: BC) today raised the quarterly dividend on its common stock by approximately 10 percent to $0.21 per share.
This marks Brunswick's sixth consecutive year of quarterly dividend increases since 2013. Brunswick has paid dividends on a quarterly basis since 2014. Previously, the Company had paid dividends to shareholders on an annual basis from 2002 - 2014.
"Our ability to increase the dividend is evidence of the overall strength of our business, the successful execution of our capital strategy, and the momentum of our product leadership and operational excellence initiatives," explained Brunswick Chairman and Chief Executive Officer Mark Schwabero.
The dividend will be payable on Dec. 14, 2018, to shareholders of record at the close of business on Nov. 20, 2018.
Headquartered in Mettawa, Ill., Brunswick Corporation's leading consumer brands include Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Ancor, Attwood, BEP, Blue Sea Systems, Czone, Del City, Garelick, Lenco Marine, Marinco, Mastervolt, Mercury, NAUTIC-ON, Park Power, Progressive Industries, ProMariner, Quicksilver and Whale marine parts and accessories; Land 'N' Sea, Kellogg Marine, Lankhorst Taselaar, Payne's Marine and BLA parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT fitness equipment; and Brunswick billiards tables, accessories and game room furniture. For more information, visit https://www.brunswick.com.
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Source: Brunswick Corporation via Globenewswire