Broadridge Financial Solutions, Inc. (BR) To Go Ex-Dividend on December 12th

Broadridge Financial Solutions, Inc. (NYSE:BR) announced a quarterly dividend on Thursday, November 13th. Investors of record on Friday, December 12th will be given a dividend of 0.975 per share by the business services provider on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, December 12th.

Broadridge Financial Solutions has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 18 consecutive years. Broadridge Financial Solutions has a dividend payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Up 0.1%

BR stock opened at $225.92 on Friday. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of 28.93 and a beta of 0.96. The company has a 50-day moving average of $233.79 and a two-hundred day moving average of $241.28. Broadridge Financial Solutions has a 52-week low of $212.33 and a 52-week high of $271.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The business had revenue of $1.05 billion for the quarter. As a group, equities research analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley cut their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Needham & Company LLC boosted their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $259.83.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.