Broadridge Financial Solutions, Inc. (NYSE:BR) Shareholders to Collect $1.09 Quarterly Dividend

Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Thursday, December 10th will be paid a dividend of $1.09 per share by the business services provider on Monday, January 11th. This represents a $4.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 10th.

Broadridge Financial Solutions has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 18 consecutive years. Broadridge Financial Solutions has a dividend payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Broadridge Financial Solutions to earn $11.67 per share next year, which means the company should continue to be able to cover its $4.36 annual dividend with an expected future payout ratio of 37.4%.

Broadridge Financial Solutions Trading Down 1.4%

NYSE BR traded down $2.79 on Wednesday, hitting $190.17. 68,047 shares of the company were exchanged, compared to its average volume of 1,318,083. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 1.21. Broadridge Financial Solutions has a twelve month low of $133.83 and a twelve month high of $233.10. The firm has a market capitalization of $21.51 billion, a P/E ratio of 21.01 and a beta of 0.90. The company’s 50 day moving average price is $172.51 and its 200-day moving average price is $165.69.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.37 by $0.19. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.51 earnings per share. Analysts predict that Broadridge Financial Solutions will post 10.58 earnings per share for the current fiscal year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.