Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.365 per share by the business services provider on Wednesday, January 3rd. This represents a $1.46 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th.

Broadridge Financial Solutions has increased its dividend payment by an average of 17.9% per year over the last three years and has raised its dividend every year for the last 9 years. Broadridge Financial Solutions has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Broadridge Financial Solutions to earn $4.04 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 36.1%.

Broadridge Financial Solutions (BR) opened at $89.53 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions has a one year low of $64.57 and a one year high of $91.75. The stock has a market cap of $10,404.64, a PE ratio of 26.81, a PEG ratio of 2.40 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same period last year, the company posted $0.36 EPS. The company’s revenue was up 3.4% on a year-over-year basis. sell-side analysts expect that Broadridge Financial Solutions will post 3.72 earnings per share for the current fiscal year.

In other Broadridge Financial Solutions news, insider Richard J. Daly sold 94,039 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the completion of the sale, the director now directly owns 44,482 shares of the company’s stock, valued at $3,937,101.82. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on the stock. DA Davidson reissued a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Barclays reissued a “hold” rating and set a $95.00 price objective on shares of Broadridge Financial Solutions in a research note on Friday. Finally, BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $90.50.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Dividend History for Broadridge Financial Solutions (NYSE:BR)

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