|Brunswick Corporation : Brunswick Corporation increases quarterly dividend by 10 percent|
Exceeds pre-recession dividend per-share peak
LAKE FOREST, Ill., Oct. 18, 2016 - The board of directors of Brunswick Corporation (NYSE: BC) today declared a quarterly dividend on its common stock of $0.165 per share, which reflects a 10 percent increase from its previous quarterly dividend level of $0.15 per share. The dividend will be payable on Dec. 15, 2016, to shareholders of record on Nov. 22, 2016.
"This dividend increase is Brunswick's fourth increase since 2013, and reflects our confidence in the execution of our strategy. This also demonstrates our continued commitment to a balanced approach to capital allocation, which includes investing in growth as well as returning cash to our shareholders," Brunswick Chairman and Chief Executive Officer Mark D. Schwabero explained.
The current annualized dividend of $0.66 per share will exceed Brunswick's pre-recession peak by $0.06 per share.