Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.365 per share by the business services provider on Tuesday, October 3rd. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, September 14th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33.

Broadridge Financial Solutions has increased its dividend payment by an average of 17.9% annually over the last three years and has increased its dividend every year for the last 9 years. Broadridge Financial Solutions has a payout ratio of 42.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Broadridge Financial Solutions to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 32.2%.

Shares of Broadridge Financial Solutions (NYSE BR) traded up 2.75% on Friday, hitting $74.27. The stock had a trading volume of 785,625 shares. Broadridge Financial Solutions has a 52 week low of $59.86 and a 52 week high of $78.00. The firm has a 50 day moving average price of $75.41 and a 200-day moving average price of $71.43. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 29.09 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Broadridge Financial Solutions had a return on equity of 34.74% and a net margin of 8.21%. The business’s revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Analysts anticipate that Broadridge Financial Solutions will post $3.66 EPS for the current year.

WARNING: “Broadridge Financial Solutions, Inc. (NYSE:BR) Raises Dividend to $0.37 Per Share” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at

BR has been the topic of a number of recent analyst reports. BidaskClub raised Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. DA Davidson initiated coverage on Broadridge Financial Solutions in a research note on Monday. They issued a “neutral” rating and a $74.00 price objective on the stock. Finally, Barclays PLC boosted their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $76.00.

In other news, insider Robert Schifellite sold 76,666 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $75.98, for a total transaction of $5,825,082.68. Following the completion of the sale, the insider now owns 105,042 shares in the company, valued at $7,981,091.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $71.89, for a total value of $45,290.70. Following the sale, the vice president now owns 5,271 shares of the company’s stock, valued at approximately $378,932.19. The disclosure for this sale can be found here. In the last three months, insiders sold 323,032 shares of company stock worth $24,016,648. Insiders own 3.50% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Dividend History for Broadridge Financial Solutions (NYSE:BR)

Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.