Broadridge Financial Solutions Inc’s dividend performance, sustainability in focus

Broadridge Financial Solutions Inc (NYSE:) recently announced a dividend of $0.8 per share, payable on October 5, 2023, with the ex-dividend date set for Thursday. The company has maintained a consistent dividend payment record since 2007, increasing its dividend each year and earning the status of a dividend achiever.

As of today, Broadridge Financial Solutions Inc has a 12-month trailing dividend yield of 1.54% and a forward dividend yield of 1.69%, indicating an expected increase in dividend payments over the next 12 months. Over the past three years, the company’s annual dividend growth rate was 10.30%, which increased to 13.20% per year over a five-year horizon. Over the past decade, the annual dividends per share growth rate stands at an impressive 14.90%.

The sustainability of Broadridge Financial Solutions Inc’s dividends is supported by a payout ratio of 0.55 as of June 30, 2023, suggesting that the company retains a significant part of its earnings for future growth and unexpected downturns. The company’s profitability rank is 9 out of 10 as of June 30, 2023, indicating good profitability prospects.

Broadridge Financial Solutions Inc’s growth metrics also suggest a good growth trajectory relative to its competitors. The company’s revenue has increased by approximately 9.60% per year on average, outperforming approximately 54% of global competitors. Its earnings have increased by about 10.30% per year on average over the past three years, outperforming approximately 50.4% of global competitors.

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