Briggs & Stratton Corporation increased its quarterly dividend
by 4 percent on Wednesday.
The company’s Board of Directors declared a quarterly cash
dividend of $0.125 per common share, up from the prior quarterly
dividend of $.12 per share.
The dividend is payable October 1, 2014 to shareholders of
record at the close of business September 17, 2014.
The board also authorized an additional $50 million in funds for
use in the Company's stock repurchase program with an expiration
of June 30, 2016.
Todd Teske, Briggs & Stratton Corporation Chairman, President
and Chief Executive Officer Todd Teske, said the moves reflected
continued confidence in the company’s strategy and long-term