MILWAUKEE, Aug. 17, 2016 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG): 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. This represents an increase of 4% from the prior quarterly dividend of $0.135 per share. The dividend is payable October 3, 2016 to shareholders of record at the close of business on September 16, 2016.
Todd Teske, BGG Chairman, President and Chief Executive Officer, said, "This is our third dividend increase in three years, which demonstrates confidence in our strategy. We remain committed to creating shareholder value via a balanced and disciplined approach to capital allocation."
BRIGGS & STRATTON CORPORATION
Mark A. Schwertfeger
Senior Vice President and
Chief Financial Officer
SOURCE Briggs & Stratton Corporation