Brunswick Corporation (BC) will raise its quarterly dividend by another 24.1 percent to $0.335 per share in 2021. This follows a dividend hike of 12.5 percent to $0.27 per share announced in October 2020. This marks the 9th consecutive year of dividend increases by the US manufacturer of recreation products including marine engines, boats, fitness equipment, and active recreation products

The next dividend will be payable on June 15, 2021 to shareholders of record at the close of business on May 18, 2021. The ex-dividend date for the next BC dividend is May 17, 2021. A new annual dividend rate of $1.34 per share yields 1.3% at a stock price of $107 for Brunswick Corp.

Marine outboard engine maker Brunswick has a great dividend track record with 9 consecutive years of double digit dividend increases. The company will now pay an estimated $105 million in dividends to its shareholders annually, up from $85 million in October.

“Our strong financial profile, exceptional earnings and cash flow generation affords us the opportunity to significantly increase our dividend earlier in the year than we have in past years, reflecting the continued confidence we have in our outlook and strategy” said Dave Foulkes, Brunswick Corporation Chief Executive Officer.

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.