Brunswick raises quarterly dividend 20 percent

LAKE FOREST - The board of directors of Brunswick Corp. declared a quarterly dividend on its common stock of 15 cents per share payable Dec. 15 to shareholders of record on Nov. 24.

The new quarterly dividend represents a 20 percent increase from the previous dividend rate of 12.5 cents per share, paid in September.

"This action marks a return to our pre-recession dividend payout levels, and is the result of both our operating accomplishments and confidence in the future," said Dustan E. McCoy, Brunswick chairman and chief executive officer. "This action also attests to our continued commitment to increasing shareholder returns."

Brunswick Corporation is a manufacturer of recreational and fitness products ranging from Mercury and Mariner outboard engines to Brunswick billiards tables, accessories and game room furniture.