Corporate and Financial
Brunswick Declares Common Stock Dividend; Commences Stock Repurchase Program
LAKE FOREST, Ill., Oct. 26 /PRNewswire-FirstCall/ -- The board of
directors of Brunswick Corporation (NYSE: BC) today declared a regular annual
dividend on its common stock of $.60 cents per share payable Dec. 15, 2005, to
shareholders of record on Nov. 22, 2005.
"The company generates a significant amount of cash each year," said
Brunswick Chairman and Chief Executive Officer George W. Buckley, "a portion
of which we use to return value to shareholders in the form of dividends, as
well as by repurchasing stock from time to time." In May 2005, Brunswick's
board of directors authorized the discretionary repurchase of up to
$200 million of the company's outstanding common stock. The company said that
during the third quarter of 2005, it repurchased 375,000 shares of Brunswick
common stock at an average price of $41.90 per share. To date in the fourth
quarter of 2005, the company has repurchased an additional 1 million shares of
common stock at an average price of $37.80 per share. "So between this
dividend and our share repurchases to date, we have returned $111 million to
our shareholders, and we will continue to pursue additional share repurchases,
as well as acquisitions, to maximize shareholder value."
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; Teignbridge propellers; MotoTron
electronic controls; Northstar marine electronics; Navman marine and GPS-based
products; IDS dealer management systems; Albemarle, Arvor, Baja, Bayliner,
Bermuda, Boston Whaler, Crestliner, HarrisKayot, Hatteras, Lowe, Lund, Maxum,
Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea
Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood
marine parts and accessories; Land 'N' Sea and Kellogg Marine parts and
accessories distributors; Life Fitness, Hammer Strength and ParaBody fitness
equipment; Brunswick bowling centers, equipment and consumer products;
Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball
tables. For more information, visit http://www.brunswick.com .
SOURCE: Brunswick Corporation
CONTACT: Dan Kubera, Director - Media Relations and Corporate
Communications of Brunswick Corporation, +1-847-735-4617
Web site: http://www.brunswick.com
