Published on 18 Feb 2024 on Simply Wall St. via Yahoo Finance
There's A Lot To Like About Brunswick's (NYSE:BC) Upcoming US$0.42 Dividend
It looks like Brunswick Corporation (NYSE:BC) is about to go ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Brunswick's shares on or after the 23rd of February, you won't be eligible to receive the dividend, when it is paid on the 15th of March.
The company's upcoming dividend is US$0.42 a share, following on from the last 12 months, when the company distributed a total of US$1.60 per share to shareholders. Last year's total dividend payments show that Brunswick has a trailing yield of 1.9% on the current share price of US$86.42. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
Check out our latest analysis for Brunswick