Broadridge Financial Stock To Go Ex-dividend Tomorrow (BR)
The ex-dividend date for Broadridge Financial Solutions (NYSE:BR) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $22.15 as of 9:30 a.m., the dividend yield is 2.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Broadridge Financial Solutions (NYSE: BR) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $22.15 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Broadridge Financial has been 830,500 shares per day over the past 30 days. Broadridge Financial has a market cap of $2.78 billion and is part of the technology sector and computer software & services industry. Shares are up 1.3% year to date as of the close of trading on Tuesday. Broadridge Financial Solutions, Inc., together with its subsidiaries, provides technology solutions to the financial services industry in the United States, Canada, and the United Kingdom. It operates in two segments, Investor Communication Solutions and Securities Processing Solutions. The company has a P/E ratio of 16.4, below the average computer software & services industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Broadridge Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Broadridge Financial Ratings Report. See our dividend calendar or top-yielding stocks list.