Broadridge sets quarterly dividend at $0.80 per share By Investing.com
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© Reuters.
NEW YORK – Broadridge Financial Solutions , Inc. (NYSE:), a global fintech leader, has declared a quarterly cash dividend of $0.80 per share. The dividend will be distributed to shareholders of record as of March 15, 2024, with the payment date set for April 5, 2024.
This announcement comes as part of the company’s regular dividend payments to its stockholders. Broadridge has a reputation for being a reliable dividend-paying company, reflecting its financial stability and commitment to returning value to its shareholders.
Broadridge operates as a critical infrastructure provider for the financial services industry, offering technology-driven solutions to a wide range of clients including banks, broker-dealers, asset and wealth managers, and public companies. The company’s services facilitate investing, corporate governance, and communications, which are crucial for the functioning of the financial markets.
The firm boasts over $6 billion in revenues and is recognized for its role in corporate governance, connecting numerous public companies and mutual funds with millions of investors worldwide. Additionally, Broadridge’s technology and operations platforms support the daily trading of more than U.S. $10 trillion in various securities globally.
This financial update is based on a press release statement from Broadridge Financial Solutions, Inc.
InvestingPro Insights
As Broadridge Financial Solutions, Inc. (NYSE:BR) continues to reward its shareholders with regular dividends, the company’s financial metrics further illustrate its market position. With a substantial market capitalization of $23.26 billion, Broadridge stands as a significant player in the fintech sector. Its commitment to shareholder returns is underscored by a noteworthy InvestingPro Tip: Broadridge has raised its dividend for 17 consecutive years, signaling a strong and consistent financial policy.
Despite a robust dividend history, the company is trading at a high earnings multiple with a P/E ratio of 34.19. This indicates that investors are willing to pay a premium for Broadridge’s earnings, possibly due to the company’s stable market presence and future growth expectations. Additionally, the firm’s Price / Book ratio is at 11.25, suggesting a higher valuation compared to its book value, which can be a point of consideration for value-focused investors.
InvestingPro Tips reveal that analysts have a mixed outlook on Broadridge’s near-term earnings, with 5 analysts having revised their earnings estimates downwards for the upcoming period. This could be an important factor for investors to watch in the context of the company’s next earnings date on April 30, 2024. For those looking to delve deeper into Broadridge’s financials and future prospects, InvestingPro offers additional insights and tips. Currently, there are 13 more InvestingPro Tips available, which users can access to make more informed investment decisions. Moreover, interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
NEW YORK – Broadridge Financial Solutions , Inc. (NYSE:), a global fintech leader, has declared a quarterly cash dividend of $0.80 per share. The dividend will be distributed to shareholders of record as of March 15, 2024, with the payment date set for April 5, 2024.
This announcement comes as part of the company’s regular dividend payments to its stockholders. Broadridge has a reputation for being a reliable dividend-paying company, reflecting its financial stability and commitment to returning value to its shareholders.
Broadridge operates as a critical infrastructure provider for the financial services industry, offering technology-driven solutions to a wide range of clients including banks, broker-dealers, asset and wealth managers, and public companies. The company’s services facilitate investing, corporate governance, and communications, which are crucial for the functioning of the financial markets.
The firm boasts over $6 billion in revenues and is recognized for its role in corporate governance, connecting numerous public companies and mutual funds with millions of investors worldwide. Additionally, Broadridge’s technology and operations platforms support the daily trading of more than U.S. $10 trillion in various securities globally.
This financial update is based on a press release statement from Broadridge Financial Solutions, Inc.
InvestingPro Insights
As Broadridge Financial Solutions, Inc. (NYSE:BR) continues to reward its shareholders with regular dividends, the company’s financial metrics further illustrate its market position. With a substantial market capitalization of $23.26 billion, Broadridge stands as a significant player in the fintech sector. Its commitment to shareholder returns is underscored by a noteworthy InvestingPro Tip: Broadridge has raised its dividend for 17 consecutive years, signaling a strong and consistent financial policy.
Despite a robust dividend history, the company is trading at a high earnings multiple with a P/E ratio of 34.19. This indicates that investors are willing to pay a premium for Broadridge’s earnings, possibly due to the company’s stable market presence and future growth expectations. Additionally, the firm’s Price / Book ratio is at 11.25, suggesting a higher valuation compared to its book value, which can be a point of consideration for value-focused investors.
InvestingPro Tips reveal that analysts have a mixed outlook on Broadridge’s near-term earnings, with 5 analysts having revised their earnings estimates downwards for the upcoming period. This could be an important factor for investors to watch in the context of the company’s next earnings date on April 30, 2024. For those looking to delve deeper into Broadridge’s financials and future prospects, InvestingPro offers additional insights and tips. Currently, there are 13 more InvestingPro Tips available, which users can access to make more informed investment decisions. Moreover, interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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