Returns to Paying Dividend Quarterly
LAKE FOREST, Ill., Oct. 23, 2013 - The board of directors of Brunswick Corporation (NYSE: BC) today declared a quarterly dividend on its common stock of $.10 per share payable Dec. 13, 2013, to shareholders of record on Nov. 20, 2013. In 2012, Brunswick paid an annual dividend of $.05 per share. With this action, Brunswick returns to paying its dividend quarterly, having paid an annual dividend since 2002.
"Increasing the amount of the dividend reflects the confidence we have in our business strategy and our demonstrated capabilities to execute against that strategy," explained Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "At this time, this dividend level strikes an appropriate balance between returning capital to our shareholders, and maintaining the financial flexibility required to invest in Brunswick's future growth. It is also consistent with our goal of maintaining a prudent and conservative balance sheet, which we have strengthened considerably these past few years, and our ability to generate free cash flow.
"Our progress and accomplishments during the most challenging of global marine market conditions are a testimony to the strength of our brands, the soundness of our business units' plans and the capabilities and resilience of our employees around the world," McCoy concluded.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood marine parts and accessories; Land 'N' Sea, Kellogg Marine, and Diversified Marine parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray, and Uttern boats; Life Fitness and Hammer Strength fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables and table tennis. For more information, visit http://www.brunswick.com.
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| Contact: | Bruce Byots Vice President - Corporate and Investor Relations |
| Phone: | 847-735-4612 |
| Email: | bruce.byots@brunswick.com |
| Contact: | Daniel Kubera Director - Media Relations and Corporate Communications |
| Phone: | 847-735-4617 |
| Email: | daniel.kubera@brunswick.com |