Broadridge Financial Solutions (BR) will raise its quarterly dividend by 32.9 percent to $0.485 per share in 2018. The company has now raised its annual dividend every year since becoming a public company in 2007.

The next dividend is payable on October 3, 2018 to shareholders of record on September 18, 2018. The new annual dividend of $1.94 per share yields 1.5% at a stock price of $130.

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 delivers a range of solutions that helps its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality.