News Spotlight: Briggs & Stratton Corporation (NYSE:BGG)

William Payton

Briggs & Stratton Corporation (NYSE:BGG) stock identified change of 1.66% away from 52-week low price and recently located move of -55.61% off 52-week high price. It has market worth of $398.24M and dividend yield of 5.89%. BGG stock has been recorded -4.00% away from 50 day moving average and -25.38% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.19% off 20-day moving average.

On Aug. 15, 2019, Briggs & Stratton Corporation (NYSE:BGG) In connection with its regular quarterly meeting, the Board of Directors of Briggs & Stratton Corporation disclosed a quarterly dividend of five cents ($0.05) per share on the common stock of the Corporation.  The dividend is payable October 2, 2019, to shareholders of record at the close of business September 18, 2019.  This dividend is a reduction from the previous level of $0.14 per share.

This action will help us to direct more funds to debt reduction and investments in attractive commercial products and enabling technologies. It sets a payout that we believe is sustainable and can grow over time. Going forward, we will continue to direct funds in those areas that deliver the highest risk-adjusted return on investment, stated Todd J. Teske, Briggs & Stratton’s Chairman and Chief Executive Officer.

The Industrial Goods sector company, Briggs & Stratton Corporation noticed change of -2.26% to $9.5 along volume of 367221 shares in recent session compared to an average volume of 380.7K. The stock observed return of 0.11% in 5 days trading activity. The stock was at -4.43% over one month performance. BGG’s shares are at -23.51% for the quarter and driving a -44.02% return over the course of the past year and is now at -27.37% since this point in 2018.

The average volatility for the week at 3.08% and for month was at 2.99%. There are 41.92M shares outstanding and 39.98M shares are floated in market. Right now the stock beta is 1.08.

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