At its regular quarterly meeting held today, the Board of Directors of Briggs & Stratton Corporation declared a quarterly dividend of thirteen and one half cents ($0.135) per share on the common stock of the Corporation. This represents an increase of 8% from the prior quarterly dividend of $0.125 per share and reflects the Company's financial position. The dividend is payable September 30, 2015 to shareholders of record at the close of business September 17, 2015.
Todd Teske, Briggs & Stratton's Chairman, President and Chief Executive Officer, said "Today's dividend increase reflects our confidence in the long-term prospects for the company and the continued strength and sustainability of our cash flow. We continue to have a balanced and disciplined approach to capital allocation and a commitment to delivering a consistent return to our shareholders."
BRIGGS & STRATTON CORPORATION
David J. Rodgers Senior Vice President and Chief Financial Officer