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

Broadridge Financial Solutions, Inc. (NYSE:BR) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Thursday, September 3rd will be given 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 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 by an average of 0.1%annually 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% 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 Broadridge Financial Solutions stock traded up $11.25 during trading on Tuesday, hitting $168.59. The company’s stock had a trading volume of 2,516,811 shares, compared to its average volume of 1,436,515. Broadridge Financial Solutions has a 52 week low of $133.83 and a 52 week high of $271.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 18.05 and a beta of 0.87. The stock has a 50-day moving average price of $146.94 and a two-hundred day moving average price of $164.00.

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

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Trading of Broadridge Financial Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reflection Asset Management bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $25,000. Nemes Rush Group LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc bought a new position in Broadridge Financial Solutions in the 4th quarter valued at about $28,000. WPG Advisers LLC boosted its stake in Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in Broadridge Financial Solutions during the 1st quarter worth approximately $36,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.