BRP Inc. (NASDAQ:DOOO – Get Free Report) declared a quarterly dividend on Wednesday, December 3rd. Investors of record on Wednesday, December 31st will be paid a dividend of 0.215 per share on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st.
BRP has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. BRP has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BRP to earn $3.43 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 17.8%.
BRP Price Performance
DOOO stock opened at $72.64 on Monday. BRP has a one year low of $31.78 and a one year high of $78.07. The firm has a 50-day moving average of $68.53 and a two-hundred day moving average of $60.76. The firm has a market capitalization of $5.31 billion, a PE ratio of 196.32 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.
BRP Company Profile
BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.
At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.
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