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

Broadridge Financial Solutions, Inc. (NYSE:BR) declared 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 yield of 1.7%. The ex-dividend date of this dividend is Friday, December 12th.

Broadridge Financial Solutions has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 18 consecutive years. Broadridge Financial Solutions has a dividend payout ratio of 42.2% indicating that 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 Trading Up 0.2%

Shares of NYSE BR traded up $0.53 on Friday, reaching $226.14. 187,828 shares of the company traded hands, compared to its average volume of 604,991. The stock has a market capitalization of $26.40 billion, a PE ratio of 28.95 and a beta of 0.96. Broadridge Financial Solutions has a fifty-two week low of $212.33 and a fifty-two week high of $271.91. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $234.29 and a 200 day moving average of $241.36.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. On average, equities research analysts forecast that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Insider Transactions at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 5,674 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the transaction, the chief executive officer directly owned 143,285 shares in the company, valued at approximately $37,020,545.45. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds have recently made changes to their positions in BR. Vident Advisory LLC grew its holdings in Broadridge Financial Solutions by 5.4% during the 3rd quarter. Vident Advisory LLC now owns 5,459 shares of the business services provider’s stock worth $1,300,000 after acquiring an additional 279 shares in the last quarter. Ossiam raised its stake in shares of Broadridge Financial Solutions by 137.6% in the 3rd quarter. Ossiam now owns 8,230 shares of the business services provider’s stock valued at $1,960,000 after purchasing an additional 4,766 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Broadridge Financial Solutions by 2,927.9% during the third quarter. Squarepoint Ops LLC now owns 105,826 shares of the business services provider’s stock worth $25,205,000 after purchasing an additional 102,331 shares during the last quarter. Siemens Fonds Invest GmbH grew its stake in Broadridge Financial Solutions by 20.4% in the third quarter. Siemens Fonds Invest GmbH now owns 12,684 shares of the business services provider’s stock worth $3,021,000 after purchasing an additional 2,151 shares in the last quarter. Finally, von Borstel & Associates Inc. bought a new stake in Broadridge Financial Solutions in the third quarter valued at about $207,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

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.