Small engine manufacturer Briggs & Stratton (NYSE:BGG) announced yesterday its fourth-quarter dividend of $0.12 per share, the same rate it's paid for the past five quarters after raising the payout 9% from $0.11 per share.
The board of directors said the quarterly dividend is payable on Dec. 31 to the holders of record at the close of business on Dec. 16. The regular dividend payment equates to a $0.48-per-share annual dividend, yielding 2.5% based on the closing price today of Briggs & Stratton's stock.
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