Broadridge Financial Solutions, Inc. (BR) to Distribute Quarterly Dividend of $1.09 on October 5th

Broadridge Financial Solutions, Inc. (NYSE:BR) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Thursday, September 3rd will be given a dividend of 1.09 per share by the business services provider on Monday, October 5th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 11.8% increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97.

Broadridge Financial Solutions has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 18 years. Broadridge Financial Solutions has a payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Broadridge Financial Solutions to earn $11.61 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 37.6%.

Broadridge Financial Solutions Stock Down 0.5%

NYSE:BR opened at $182.76 on Tuesday. The firm has a market capitalization of $20.84 billion, a PE ratio of 19.00 and a beta of 0.87. The stock has a 50 day moving average of $157.98 and a 200-day moving average of $160.25. Broadridge Financial Solutions has a 52 week low of $133.83 and a 52 week high of $258.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.06. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.55 earnings per share. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Analysts predict that Broadridge Financial Solutions will post 10.54 EPS for the current year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.