Outboard engine and boat manufacturer Brunswick Corporation (BC) will increase its quarterly dividend by 14.3 percent to $0.24 per share in 2019. This follows last year's 10.5 percent dividend hike, at the time marking the 6th consecutive year of higher dividends paid.

The next dividend will be payable on December 13, 2019, to shareholders of record at the close of business on November 19, 2019. A new annual rate of 96 cents per share yields 1.8% at a stock price of $53.74.

Brunswick Corporation is a manufacturer of recreational marine products, including marine propulsion products, parts and accessories, and boat brands, and operate service and shared access businesses, including the boat club. The company's brands include Mercury, Mariner, MotorGuide, Ancor, Attwood, BEP, Blue Sea Systems, Czone, Del City, Garelick, Lenco Marine, Marinco, Mastervolt, Mercury, NAUTIC-ON, Park Power, Progressive Industries, ProMariner, Quicksilver, Whale, Land 'N' Sea, Kellogg Marine, Lankhorst Taselaar, Payne's Marine, BLA, Bayliner, Boston Whaler, Brunswick, Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet, Uttern boats, Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick billiards tables, accessories and game room furniture. Brunswick Corporation is a Delaware corporation incorporated on December 31, 1907. In 1925 Brunswick was listed on the New York Stock Exchange. Earlier Brunswick was also focused on selling products for active aging, rehabilitation, productive well-being, a complete line of billiards tables and other game room tables and accessories. In 2015 Brunswick completed the sale of its Bowling Products business. In 2019 Brunswick sold its Fitness business and in 2019 the company also acquired Freedom Boat Club.