Briggs & Stratton Approves Dividend Payment Date Change
MILWAUKEE, Dec. 12, 2012 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG):
The Board of Directors of Briggs & Stratton Corporation today approved a change in the payment date of its regular cash dividend previously approved on October 17, 2012.
The payment date for the dividend of $0.12 cents per share has been changed to December 31, 2012 from January 2, 2013. The record date for this quarterly dividend remains unchanged at December 14, 2012.
David Rodgers, Senior Vice President and Chief Financial Officer, said, "Due to the current dividend tax rate's scheduled expiration on December 31, 2012, the company is accelerating the payment date of the dividend by two days to provide shareholders certainty on tax treatment for dividends received."
BRIGGS & STRATTON CORPORATION
David J. Rodgers
Senior Vice President and
Chief Financial Officer
SOURCE Briggs & Stratton Corporation