BRP Inc (DOO) to Issue Quarterly Dividend of $0.09 on July 13th

BRP Inc (TSE:DOO) announced a quarterly dividend on Thursday, June 28th, TickerTech reports. Shareholders of record on Friday, July 13th will be given a dividend of 0.09 per share on Friday, July 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, June 28th.

Shares of DOO traded up C$0.79 during mid-day trading on Wednesday, hitting C$63.45. The company had a trading volume of 299,688 shares, compared to its average volume of 208,173. BRP has a 1-year low of C$37.06 and a 1-year high of C$66.36.

BRP (TSE:DOO) last posted its quarterly earnings results on Thursday, May 31st. The company reported C$0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.27 by C$0.25. The business had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations of C$1.02 billion.

A number of analysts have recently issued reports on DOO shares. Royal Bank of Canada raised their price target on shares of BRP from C$55.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Friday, June 1st. BMO Capital Markets raised their price target on shares of BRP from C$56.00 to C$68.00 in a research report on Monday, June 4th. UBS Group raised their price target on shares of BRP from C$54.00 to C$63.00 in a research report on Friday, May 25th. Desjardins lifted their price objective on shares of BRP from C$54.00 to C$58.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Finally, National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and set a C$66.00 price objective for the company. in a report on Friday, June 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BRP presently has a consensus rating of “Buy” and a consensus target price of C$60.00.

In related news, insider Breton Anne Le sold 6,374 shares of BRP stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of C$63.26, for a total transaction of C$403,219.24. Also, insider Anne-Marie Laberge sold 7,325 shares of BRP stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of C$50.58, for a total transaction of C$370,498.50. In the last three months, insiders have sold 65,699 shares of company stock valued at $3,969,478.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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