Broadridge Financial Solutions, Inc. (NYSE:BR) Announces Quarterly Dividend of $1.09

Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Thursday, September 3rd will be paid a dividend of 1.09 per share by the business services provider on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 11.8% increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.97.

Broadridge Financial Solutions has raised its dividend payment by an average of 0.1%per year 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. Research analysts expect Broadridge Financial Solutions to earn $10.47 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 37.2%.

Broadridge Financial Solutions Trading Up 7.2%

Shares of NYSE:BR traded up $11.25 during trading on Tuesday, reaching $168.59. The stock had a trading volume of 2,516,811 shares, compared to its average volume of 1,436,515. The firm’s fifty day moving average is $146.94 and its 200 day moving average is $164.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. Broadridge Financial Solutions has a 52 week low of $133.83 and a 52 week high of $271.91. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 18.05 and a beta of 0.87.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $3.55 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, equities analysts forecast that Broadridge Financial Solutions will post 9.55 EPS for the current fiscal year.

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.