News Releases

Briggs & Stratton Declares Dividend And Approves $50 Million Share Repurchase Authorization

April 25, 2018 at 4:15 PM EDT

MILWAUKEE, April 25, 2018 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG):

Briggs & Stratton Corporation logo. (PRNewsFoto/Briggs & Stratton Corporation)

At its regular quarterly meeting held today, the Board of Directors of Briggs & Stratton Corporation declared a quarterly dividend of fourteen cents($0.14) per share on the common stock of the Corporation.  The dividend is payable June 29, 2018 to shareholders of record at the close of business June 15, 2018.

Also, at its regular quarterly meeting held today, the Board of Directors of Briggs & Stratton Corporation authorized $50 million in funds for use in the Company's stock repurchase program with an expiration of June 30, 2020.  Briggs & Stratton will repurchase shares of common stock, using available cash, on the open market or in private transactions from time to time, depending on market conditions.

Todd J. Teske, Briggs & Stratton Chairman, President and Chief Executive Officer, said "The Board's actions today reflect continued confidence in our strategy.   We will continue our disciplined and balanced approach to capital allocation by opportunistically repurchasing common shares and making strategic investments in the business."

                                                            BRIGGS & STRATTON CORPORATION

 

                                                            Mark A. Schwertfeger
                                                            Senior Vice President and Chief Financial Officer

 

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SOURCE Briggs & Stratton Corporation

Mark A. Schwertfeger, Senior Vice President and Chief Financial Officer, Briggs & Stratton Corporation, 414-259-5333/