Broadridge Financial Solutions Inc. Declares Quarterly Dividend of $0.21 (BR)
Broadridge Financial Solutions (NYSE:BR) declared a quarterly dividend on Wednesday, February 5th, Analyst Ratings.Net reports. Investors of record on Friday, March 14th will be given a dividend of 0.21 per share on Tuesday, April 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.35%.
A number of research firms have recently commented on BR. Analysts at Keefe, Bruyette & Woods upgraded shares of Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, December 12th. They now have a $46.00 price target on the stock, up previously from $38.00. On a related note, analysts at Zacks upgraded shares of Broadridge Financial Solutions from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 14th. They now have a $39.20 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.70.
Shares of Broadridge Financial Solutions (NYSE:BR) traded down 0.56% during mid-day trading on Wednesday, hitting $35.53. The stock had a trading volume of 175,777 shares. Broadridge Financial Solutions has a one year low of $21.84 and a one year high of $40.36. The stock’s 50-day moving average is $38.30 and its 200-day moving average is $34.27. The company has a market cap of $4.235 billion and a price-to-earnings ratio of 18.64.
Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.
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