MILWAUKEE, April 25, 2018 /PRNewswire/ -- Briggs &
Stratton Corporation (NYSE:BGG):
At its regular quarterly meeting held today, the Board of
Directors of Briggs & Stratton Corporation declared a quarterly
dividend of fourteen cents
($0.14) per share on the common stock
of the Corporation. The dividend is payable June 29, 2018 to shareholders of record at the
close of business June 15, 2018.
Also, at its regular quarterly meeting held today, the Board of
Directors of Briggs & Stratton Corporation authorized
$50 million in funds for use in the
Company's stock repurchase program with an expiration of
June 30, 2020. Briggs &
Stratton will repurchase shares of common stock, using available
cash, on the open market or in private transactions from time to
time, depending on market conditions.
Todd J. Teske, Briggs &
Stratton Chairman, President and Chief Executive Officer, said "The
Board's actions today reflect continued confidence in our
strategy. We will continue our disciplined and balanced
approach to capital allocation by opportunistically repurchasing
common shares and making strategic investments in the
business."
BRIGGS & STRATTON CORPORATION
Mark A. Schwertfeger
Senior
Vice President and Chief Financial Officer
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SOURCE Briggs & Stratton Corporation