Brunswick Corporation (BC) To Go Ex-Dividend on November 26th

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

Brunswick has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Brunswick has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 8.3%

Brunswick stock opened at $64.24 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The firm has a fifty day moving average price of $64.46 and a two-hundred day moving average price of $60.47. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -17.65 and a beta of 1.40.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, analysts forecast that Brunswick will post 4.19 earnings per share for the current year.

Wall Street Analyst Weigh In

BC has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Robert W. Baird boosted their price target on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Morgan Stanley upped their price target on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. B. Riley lifted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.54.

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.