BRP Inc. (NASDAQ:DOO) Raises Dividend to C$0.25 Per Share

BRP Inc. (NASDAQ:DOO) announced a quarterly dividend on Wednesday, March 25th. Investors of record on Friday, April 10th will be given a dividend of 0.25 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 10th. This is a 257.1% increase from BRP’s previous quarterly dividend of $0.07.

BRP Price Performance

NASDAQ DOO traded up $2.24 on Thursday, reaching $67.24. The company had a trading volume of 565,182 shares, compared to its average volume of 199,056. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 181.73 and a beta of 1.22. 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 has a fifty-two week low of $31.78 and a fifty-two week high of $81.89. The business has a 50 day moving average price of $73.90.

BRP (NASDAQ:DOO) last announced its earnings results on Thursday, March 26th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. BRP had a return on equity of 67.30% and a net margin of 0.45%.The company’s revenue for the quarter was up 16.0% compared to the same quarter last year.

Institutional Investors Weigh In On BRP

Institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new position in shares of BRP in the 4th quarter worth $207,651,000. Price T Rowe Associates Inc. MD bought a new stake in BRP during the 4th quarter valued at $169,341,000. Capital World Investors bought a new stake in BRP during the 4th quarter valued at $158,763,000. FIL Ltd acquired a new position in BRP during the fourth quarter worth $123,110,000. Finally, Vanguard Group Inc. acquired a new position in BRP during the fourth quarter worth $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.