BRP Inc. (TSE:DOO) Announces Quarterly Dividend of $0.21

BRP Inc. (TSE:DOO) declared a quarterly dividend on Wednesday, March 27th, TickerTech reports. Stockholders of record on Monday, April 8th will be paid a dividend of 0.21 per share on Monday, April 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, April 5th. This is an increase from BRP’s previous quarterly dividend of $0.18.

BRP Stock Performance

Shares of TSE:DOO opened at C$90.95 on Friday. The company’s 50 day simple moving average is C$88.11 and its 200 day simple moving average is C$93.15. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. BRP has a 1 year low of C$77.42 and a 1 year high of C$122.41. The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Desjardins dropped their target price on shares of BRP from C$117.00 to C$112.00 and set a “buy” rating for the company in a report on Monday. DA Davidson dropped their target price on shares of BRP from C$126.00 to C$99.00 and set a “buy” rating for the company in a report on Monday, December 4th. CIBC lowered their price objective on BRP from C$138.00 to C$106.00 and set an “outperform” rating for the company in a research note on Friday, December 1st. BMO Capital Markets lowered their price objective on BRP from C$150.00 to C$115.00 and set an “outperform” rating for the company in a research note on Friday, December 1st. Finally, Royal Bank of Canada lowered their price objective on BRP from C$147.00 to C$110.00 and set an “outperform” rating for the company in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$104.62.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.