Broadridge Financial Solutions, Inc. to Issue Quarterly Dividend of $0.98 (NYSE:BR)

Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 12th will be paid a dividend of 0.975 per share by the business services provider on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 12th.

Broadridge Financial Solutions has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 18 years. Broadridge Financial Solutions has a dividend payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Broadridge Financial Solutions to earn $10.41 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 37.5%.

Broadridge Financial Solutions Trading Up 0.6%

Shares of BR stock opened at $150.11 on Friday. The stock has a 50-day simple moving average of $159.91 and a 200 day simple moving average of $192.76. Broadridge Financial Solutions has a fifty-two week low of $139.79 and a fifty-two week high of $271.91. The stock has a market capitalization of $17.36 billion, a P/E ratio of 16.07 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company posted $2.44 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, sell-side analysts expect that Broadridge Financial Solutions will post 9.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the purchase, the chief executive officer directly owned 142,876 shares of the company’s stock, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock worth $3,643,058,000 after purchasing an additional 264,620 shares in the last quarter. State Street Corp increased its holdings in shares of Broadridge Financial Solutions by 6.7% during the 4th quarter. State Street Corp now owns 5,994,841 shares of the business services provider’s stock valued at $1,343,572,000 after acquiring an additional 375,699 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Broadridge Financial Solutions by 692.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after acquiring an additional 3,224,891 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Broadridge Financial Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,354,869 shares of the business services provider’s stock valued at $746,062,000 after acquiring an additional 12,524 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Broadridge Financial Solutions by 1.8% during the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock valued at $448,118,000 after acquiring an additional 35,169 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

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.