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Brunswick Declared Quarterly Dividend of $0.15 Per Share

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Price movement

Brunswick Corporation (BC) has a market cap of $4.4 billion. It rose by 0.38% to close at $48.10 per share on July 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.9%, 3.1%, and -4.1%, respectively, on the same day.

BC is trading 3.0% above its 20-day moving average, 2.7% above its 50-day moving average, and 1.9% above its 200-day moving average.

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Related ETFs and peers

The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) invests 0.60% of its holdings in Brunswick. The ETF tracks a market-cap-weighted index of growth companies culled from the S&P 400. The YTD price movement of IVOG was 8.8% on July 19.

The iShares Dow Jones US ETF (IYY) invests 0.02% of its holdings in Brunswick. The ETF tracks a broad, cap-weighted index of US companies covering 95% of the US market.

The market caps of Brunswick’ competitors are as follows:

  • Caterpillar (CAT) — $46.2 billion
  • Cummins (CMI) — $19.9 billion

Brunswick declared dividend

Brunswick Corporation has declared a regular quarterly dividend of $0.15 per share on its common stock. The dividend will be paid on September 15, 2016, to shareholders of record on August 23, 2016.

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Brunswick’s performance in fiscal 1Q16

Brunswick (BC) reported fiscal 1Q16 net sales of $1.1 billion, a rise of 8.6% over the net sales of $985.7 million in fiscal 1Q15. Sales of its Marine Engine, Boat, and Fitness segments rose by 5.9%, 5.9%, and 17.6%, respectively, in fiscal 1Q16 as compared to fiscal 1Q15.

In fiscal 1Q16, the company’s net income and EPS (earnings per share) rose to $64.8 million and $0.70, respectively, compared with $57.0 million and $0.60, respectively, in fiscal 1Q15.

Brunswick’s cash and cash equivalents fell by 57.1%, and its inventories rose by 7.6% in fiscal 1Q16, as compared to fiscal 4Q15. In fiscal 1Q16, its current and debt-to-equity ratios fell to 1.8x and 1.4x, respectively, as compared with 2.0x and 1.5x in fiscal 4Q15.

Projections

Brunswick (BC) made the following projections for fiscal 2016:

  • revenue growth of 9%–11%, which includes the acquisition of Cybex
  • adjusted EPS in the range of $3.40–$3.50, as compared to the previous guidance of $3.35–$3.50
  • positive free cash flow of more than ~$200 million

Now we’ll take a look at Mondelez International.

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