Broadridge Financial Solutions, Inc. (NYSE:BR) to Issue $0.98 Quarterly Dividend

Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 12th will be paid a dividend of 0.975 per share by the business services provider on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, June 12th.

Broadridge Financial Solutions has increased its dividend by an average of 0.1%annually over the last three years and has increased 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. Equities research analysts expect Broadridge Financial Solutions to earn $10.41 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 37.5%.

Broadridge Financial Solutions Stock Up 0.6%

Shares of NYSE BR traded up $0.91 during mid-day trading on Thursday, reaching $150.11. 1,091,531 shares of the company’s stock traded hands, compared to its average volume of 1,456,788. The stock has a market cap of $17.36 billion, a P/E ratio of 16.07 and a beta of 0.89. The business has a 50-day simple moving average of $160.64 and a 200 day simple moving average of $193.26. Broadridge Financial Solutions has a 1-year low of $139.79 and a 1-year 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.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the company earned $2.44 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, analysts expect that Broadridge Financial Solutions will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on BR shares. Needham & Company LLC lowered their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. DA Davidson lowered their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

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.