Brunswick Corporation Increases Share Repurchase Authorization; Declares Regular Quarterly Dividend
OREANDA-NEWS. February 15, 2016.
A regular quarterly dividend on Brunswick common stock of
In a separate action, the board of directors approved increasing the Company’s share repurchase authorization by
The increased share repurchase authorization underscores the Company’s confidence that it can execute its capital strategy. Discretionary repurchases of the Company’s outstanding common stock will continue to be systematically completed in the open market or through privately negotiated transactions.
“This additional share repurchase authorization demonstrates our continued commitment to enhancing shareholder value, generating cash and enhancing free cash flow as we execute our growth strategy,” explained Brunswick Chairman and Chief Executive Officer
Mark D. Schwabero. “That strategy, coupled with our cost management discipline, gives us the confidence we can maintain strong liquidity and grow our businesses over the coming years.”