Published on 5 May 2024 on Simply Wall St. via Yahoo Finance

Here's What We Like About Brunswick's (NYSE:BC) Upcoming Dividend

It looks like Brunswick Corporation (NYSE:BC) is about to go ex-dividend in the next four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Brunswick's shares before the 10th of May in order to be eligible for the dividend, which will be paid on the 14th of June.

The company's next dividend payment will be US$0.42 per share, and in the last 12 months, the company paid a total of US$1.68 per share. Based on the last year's worth of payments, Brunswick stock has a trailing yield of around 2.1% on the current share price of US$81.33. If you buy this business for its dividend, you should have an idea of whether Brunswick's dividend is reliable and sustainable. So we need to investigate whether Brunswick can afford its dividend, and if the dividend could grow.