BRP Inc. Declares Quarterly Dividend of C$0.22 (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) declared a quarterly dividend on Wednesday, December 3rd. Investors of record on Wednesday, December 31st will be given a dividend of 0.215 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

BRP has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. BRP has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 6.4%

BRP stock traded up $4.52 during trading hours on Thursday, reaching $75.29. The company had a trading volume of 1,230,123 shares, compared to its average volume of 232,699. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP has a 12-month low of $31.78 and a 12-month high of $78.07. The company has a 50-day moving average price of $65.25 and a 200 day moving average price of $56.71. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of -313.71 and a beta of 1.26.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.