Broadridge Financial Solutions (BR) today announced that it will raise its quarterly dividend by 13.3 percent to $0.725 per share. This follows a dividend hike of 11.3 percent by BR in 2021 and marks 16 consecutive calendar years of dividend increases by the provider of investor communications.
The next dividend is payable on October 5, 2022 to shareholders of record on September 15, 2022. The new annual dividend of $2.90 per share yields 1.7% at a stock price of $174. The next ex-dividend date for BR is September 14, 2022.
"Finally, I'm pleased to announce that our Board has approved a 13% increase in our annual dividend amount to $2.90 per share. Broadridge has now increased its dividend for 16 consecutive years, further underlining the strength and resiliency of our business and the durability of the trends driving our growth," said Tim Gokey, Broadridge's CEO.
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. Broadridge has raised its annual dividend every year since becoming a public company in 2007.