Brunswick Corporation Declares Quarterly Dividend
October 17 2023 - 10:11AM
The Board of Directors of Brunswick Corporation (NYSE: BC) today
declared a quarterly dividend on its common stock of $0.40 per
share.
The dividend will be payable on December 15, 2023, to
shareholders of record at the close of business on November 22,
2023.
About Brunswick Corporation:
Brunswick Corporation (NYSE: BC) is the global leader in marine
recreation, delivering innovation that transforms experiences on
the water and beyond. Our unique, technology-driven solutions
are informed and inspired by deep consumer insights and powered by
our belief that “Next Never Rests™”. Brunswick is dedicated to
industry leadership, to being the best and most trusted partner to
our many customers, and to building synergies and ecosystems that
enable us to challenge convention and define the future. Brunswick
is home to more than 60 industry-leading brands. In the category of
Marine Propulsion, these brands include, Mercury Marine, Mercury
Racing, MerCruiser and Flite. Brunswick’s comprehensive collection
of parts, accessories, distribution, and technology brands includes
Mercury Parts & Accessories, Land ‘N’ Sea, Lowrance, Simrad,
B&G, Mastervolt, RELiON, Attwood and Whale. Our boat brands are
some of the best known in the world, including Boston Whaler, Lund,
Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver.
Our service, digital and shared-access businesses include Freedom
Boat Club, Boateka and a range of financing, insurance, and
extended warranty businesses. While focused primarily on the marine
industry, Brunswick also successfully leverages its portfolio of
advanced technologies to deliver an exceptional suite of solutions
in mobile and industrial applications. Headquartered in
Mettawa, IL, Brunswick has more than 18,000 employees operating in
27 countries. In 2023, Brunswick was named by Forbes as a World’s
Best Employer for the fourth consecutive year and has been one of
America’s Most Responsible Companies by Newsweek for three
consecutive years. For more information, visit
www.Brunswick.com.
Forward-Looking Statements
Certain statements in this news release are forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are based on current
expectations, estimates, and projections about Brunswick’s business
and by their nature address matters that are, to different degrees,
uncertain. Words such as “may,” “could,” “should,” “expect,”
"anticipate," "project," "position," “intend,” “target,” “plan,”
“seek,” “estimate,” “believe,” “predict,” “outlook,” and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve certain risks and uncertainties that may cause actual
results to differ materially from expectations as of the date of
this news release. These risks include, but are not limited to: the
effect of adverse general economic conditions, including the amount
of disposable income consumers have available for discretionary
spending; changes in currency exchange rates; fiscal and monetary
policy changes; higher energy and fuel costs; competitive pricing
pressures; adverse capital market conditions; actual or anticipated
increases in costs, disruptions of supply, or defects in raw
materials, parts, or components we purchase from third parties;
supplier manufacturing constraints, increased demand for shipping
carriers, and transportation disruptions; managing our
manufacturing footprint; international business risks, geopolitical
tensions or conflicts, sanctions, embargoes, or other regulations;
public health emergencies or pandemics, such as the coronavirus
(COVID-19) pandemic; adverse weather conditions, climate change
events and other catastrophic event risks; our ability to develop
new and innovative products and services at a competitive price;
loss of key customers; our ability to meet demand in a rapidly
changing environment; absorbing fixed costs in production; risks
associated with joint ventures that do not operate solely for our
benefit; our ability to integrate acquisitions, including Navico,
and the risk for associated disruption to our business; our ability
to successfully implement our strategic plan and growth
initiatives; attracting and retaining skilled labor, implementing
succession plans for key leadership, and executing organizational
and leadership changes; our ability to identify, complete, and
integrate targeted acquisitions; the risk that restructuring or
strategic divestitures will not provide business benefits;
maintaining effective distribution; dealers and customers being
able to access adequate financing; requirements for us to
repurchase inventory; inventory reductions by dealers, retailers,
or independent boat builders; risks related to the Freedom Boat
Club franchise business model; outages, breaches, or other
cybersecurity events regarding our technology systems, which have
affected and could further affect manufacturing and business
operations and could result in lost or stolen information and
associated remediation costs; our ability to protect our brands and
intellectual property; changes to U.S. trade policy and tariffs;
any impairment to the value of goodwill and other assets; product
liability, warranty, and other claims risks; legal, environmental,
and other regulatory compliance, including increased costs, fines,
and reputational risks; changes in income tax legislation or
enforcement; managing our share repurchases; and risks associated
with certain divisive shareholder activist actions.
Additional risk factors are included in the Company’s Annual
Report on Form 10-K for 2022 and in subsequent Quarterly Reports on
Form 10-Q. Forward-looking statements speak only as of the date on
which they are made, and Brunswick does not undertake any
obligation to update them to reflect events or circumstances after
the date of this news release.
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