Briggs & Stratton Co. (BGG) Declares Quarterly Dividend of $0.14

Briggs & Stratton Co. (NYSE:BGG) announced a quarterly dividend on Thursday, October 25th, RTT News reports. Investors of record on Tuesday, December 18th will be given a dividend of 0.14 per share by the industrial products company on Thursday, January 3rd. This represents a $0.56 annualized dividend and a yield of 3.47%.

Briggs & Stratton has increased its dividend by an average of 4.6% annually over the last three years and has raised its dividend every year for the last 6 years. Briggs & Stratton has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Briggs & Stratton to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 32.4%.

Shares of NYSE BGG opened at $16.15 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.77 and a quick ratio of 0.70. The company has a market cap of $707.03 million, a PE ratio of 12.52 and a beta of 0.65. Briggs & Stratton has a 1 year low of $15.83 and a 1 year high of $27.34.

Briggs & Stratton (NYSE:BGG) last posted its earnings results on Thursday, October 25th. The industrial products company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.04). Briggs & Stratton had a positive return on equity of 10.13% and a negative net margin of 0.60%. On average, sell-side analysts expect that Briggs & Stratton will post 1.45 EPS for the current fiscal year.

In other Briggs & Stratton news, insider Todd J. Teske sold 87,398 shares of Briggs & Stratton stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $20.91, for a total value of $1,827,492.18. Following the completion of the transaction, the insider now directly owns 453,723 shares of the company’s stock, valued at approximately $9,487,347.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

BGG has been the subject of a number of recent analyst reports. Sidoti cut shares of Briggs & Stratton from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Thursday, July 19th. Zacks Investment Research cut shares of Briggs & Stratton from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. ValuEngine upgraded shares of Briggs & Stratton from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Finally, Northcoast Research reiterated a “buy” rating and issued a $25.00 target price on shares of Briggs & Stratton in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.75.

About Briggs & Stratton

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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Dividend History for Briggs & Stratton (NYSE:BGG)

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