Brink’s Company (The) (NYSE:BCO – Get Free Report) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, February 2nd will be given a dividend of 0.255 per share by the business services provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, February 2nd.
Brink’s has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Brink’s has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Brink’s to earn $7.01 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 14.6%.
Brink’s Price Performance
Shares of BCO stock opened at $124.59 on Friday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 31.86 and a beta of 1.10. Brink’s has a 12 month low of $80.10 and a 12 month high of $127.19. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 9.14. The stock has a 50-day moving average price of $116.64 and a 200 day moving average price of $110.26.
Brink’s announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 15.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
About Brink’s
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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