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The board of directors of Brunswick Corporation (NYSE:BC) Tuesday declared a quarterly dividend on its common stock of $0.15 per share payable Dec.15, 2015, to shareholders of record on Nov. 24, 2015.
The new quarterly dividend represents a 20 percent increase from the previous dividend rate of $0.125 per share, 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,” said Dustan E. McCoy, Brunswick chairman and chief executive officer. “This action also attests to our continued commitment to increasing shareholder returns.”