Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) announced a quarterly dividend on Friday, March 6th. Shareholders of record on Monday, March 16th will be given a dividend of 0.975 per share by the business services provider on Wednesday, April 8th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 16th.
Broadridge Financial Solutions has raised 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 42.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Broadridge Financial Solutions to earn $9.31 per share next year, which means the company should continue to be able to cover its $3.90 annual dividend with an expected future payout ratio of 41.9%.
Broadridge Financial Solutions Stock Performance
Shares of Broadridge Financial Solutions stock opened at $178.40 on Friday. Broadridge Financial Solutions has a 52 week low of $163.71 and a 52 week high of $271.91. The firm has a market cap of $20.83 billion, a PE ratio of 19.76 and a beta of 0.98. The business’s fifty day simple moving average is $194.76 and its 200-day simple moving average is $219.94. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93.
About Broadridge Financial Solutions
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.
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