Brink’s Company (The) (NYSE:BCO – Get Free Report) announced a quarterly dividend on Friday, July 10th. Shareholders of record on Monday, July 27th will be given a dividend of 0.255 per share by the business services provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, July 27th.
Brink’s 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 5 years. Brink’s has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Brink’s to earn $10.16 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 10.0%.
Brink’s Trading Up 0.7%
Shares of NYSE BCO opened at $121.98 on Friday. Brink’s has a twelve month low of $84.99 and a twelve month high of $136.37. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 28.50 and a beta of 1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. The company’s fifty day moving average is $104.57 and its 200-day moving average is $111.94.
Institutional Investors Weigh In On Brink’s
Several large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in Brink’s by 150.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. NFSG Corp bought a new position in Brink’s during the 1st quarter worth about $32,000. Advisory Services Network LLC bought a new position in Brink’s during the 3rd quarter worth about $33,000. Global Retirement Partners LLC acquired a new stake in shares of Brink’s in the 4th quarter valued at about $39,000. Finally, Wexford Capital LP acquired a new stake in shares of Brink’s in the 3rd quarter valued at about $42,000. Institutional investors own 94.96% of the company’s stock.
Brink’s Company Profile
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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