The board of Brunswick Corp. Tuesday declared a quarterly dividend of 15 cents a share on the company’s common stock.
The dividend is payable Dec. 15 to shareholders of record on Nov. 24. Brunswick said the dividend represents a 20 percent increase from the previous dividend rate of 12.5 cents a share that was paid in September.
“This action marks a return to our pre-recession dividend payout levels and is the result of both our operating accomplishments and confidence in the future,” Brunswick chairman and CEO Dustan E. McCoy said in a statement. “This action also attests to our continued commitment to increasing shareholder returns.”