Brunswick raises quarterly dividend for seventh consecutive year

Publish date:

Brunswick Corp.’s board of directors said in a statement that it raised its stock quarterly dividend about 14 percent, to $0.24 per share. It’s the seventh consecutive year of dividend increases, according to the company.

“Our decision to increase the dividend is evidence of our board’s confidence in the strength of our focused marine portfolio and reflects our ongoing commitment to execute against our strategy and capital plans,” Brunswick CEO David Foulkes in said in the statement.

“The strong and steady profitability of our parts and accessories business and its aftermarket revenue, along with our focus on product leadership, operational excellence and the structural changes we’ve made to leverage our scale across our marine businesses, position us well for the future,” Foulkes added.

The dividend will be payable Dec. 13 to shareholders of record at the close of business Nov. 19.


Mercury’s Impact on the Local Economy

A new study shows that the manufacturer has a more than $5 billion annual impact on the Fond du Lac, Wis., community.

Lippert Posts Record Q1

The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.

Rollick Reaches 100th OEM Customer Mark

Customers that use its Aimbase marketing technology represent 65 percent of U.S. marine unit sales.

Safe Harbor Adds Lauderdale Marine Center

The Florida superyacht facility was acquired in a deal worth $340 million.

Don’t Throttle Back Now

As pandemic restrictions ease, folks will be getting back to leisure activities that often compete with boating.

IBEX Announces In-Person Dates

The show returns to the Tampa Convention Center Sept. 28-30 after being held virtually last year.

Brunswick’s Aine Denari Joins CSP Board

The Center for Sportfishing Policy, a coalition of advocates for recreational fishing and boating, also announced that The Billfish Foundation is a Sustaining Member.

Malibu Reports Record Q3

The company reported a 50 percent increase in net sales and a 47.2 rise in net income for the fiscal quarter.