Brunswick Corporation Reports Increase in Quarterly Dividend
Brunswick Corporation Declares Quarterly Dividend
The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.43 per share on its common stock. This recent decision highlights the company’s ongoing commitment to returning value to its shareholders. The announcement marks a significant milestone, representing the 13th consecutive year of dividend increases.
Commitment to Shareholders
Brunswick's consistent dividend growth demonstrates its strong performance and solid financial foundation. CEO Dave Foulkes remarked, "The Board’s confidence in our long-term strategy is reflected in today’s dividend increase, marking 13 consecutive years of growth." This ongoing commitment supports Brunswick's strategy to invest in new products and technologies to enhance its position in the market while also ensuring robust returns to its investors.
Strategic Growth Initiatives
Brunswick Corporation is dedicated to expanding its array of marine products and services. By prioritizing innovation and utilizing consumer insights, the company aims to sustain its momentum in the marine recreation industry. As Brunswick continues to explore growth avenues, it also focuses on maintaining strong relationships with its existing customer base.
Brunswick Corporation Overview
Brunswick Corporation is a powerhouse in marine recreation, known for its innovative solutions that significantly enhance the experience on water and beyond. The company's portfolio includes over 60 leading brands, with major players in various categories ranging from marine propulsion to digital solutions.
Leading Brands and Products
Some of the most recognized brands under Brunswick’s umbrella include Mercury Marine, Sea Ray, and Boston Whaler. Their dedication to innovation is evident in the wide range of products they offer, including engines, boats, and parts designed to cater to diverse recreational needs. Furthermore, Brunswick’s commitment to quality ensures they maintain a competitive edge in the industry.
Recognitions and Achievements
Brunswick’s strong reputation is further reinforced by its multiple accolades. In 2024, Brunswick was honored as one of America’s Best Large Employers for the sixth consecutive year, as recognized by Forbes Magazine. Additionally, the company celebrates over 100 awards across various sectors of its operations. This acknowledgment illustrates Brunswick’s commitment not only to its customers but also to its workforce, promoting a culture of excellence and innovation.
Global Presence and Workforce
Headquartered in Mettawa, IL, Brunswick operates in 26 countries with approximately 14,500 employees. This global reach allows Brunswick to leverage diverse markets, adapting to regional demands while maintaining a cohesive brand strategy. The company’s focus on employee engagement and development continues to be a cornerstone of its success.
Frequently Asked Questions
What is the recent quarterly dividend declared by Brunswick Corporation?
Brunswick Corporation has declared a quarterly dividend of $0.43 per share.
How many consecutive years has Brunswick increased its dividend?
This marks the 13th consecutive year of dividend increases for Brunswick Corporation.
When will the dividend be paid to shareholders?
The dividend will be payable on March 14, 2025, to shareholders who are on record as of February 24, 2025.
Who is the CEO of Brunswick Corporation?
Dave Foulkes is the CEO of Brunswick Corporation.
What brands are included under Brunswick Corporation?
Brunswick Corporation encompasses over 60 brands including Mercury Marine, Sea Ray, Boston Whaler, and many others in the marine recreation sector.
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