Broadridge Financial Solutions, Inc. (NYSE: BR), a leading global fintech company, announced a quarterly cash dividend of $0.88 per share, payable on July 2, 2025, to shareholders of record as of June 12, 2025. This dividend declaration underscores Broadridge’s consistent commitment to delivering shareholder value amid robust financial performance.
Broadridge’s fiscal year 2024 financials reveal significant strength. The company reported total revenues of \(6.51 billion and a net income of \)698.1 million, reflecting solid profitability in a competitive fintech landscape. Notably, Broadridge’s dividends per share for FY 2024 amounted to $3.09, highlighting a steady and attractive yield for investors.
The quarterly dividend of $0.88 per share marks a continuation of Broadridge’s history of rewarding shareholders, aligned with their strategic capital allocation approach. The company has demonstrated sustained earnings growth and strong free cash flow conversion, with fiscal 2024 free cash flow conversion reaching an impressive 102%, a marked increase from 90% in fiscal 2023. This high free cash flow conversion ratio enables Broadridge to fund strategic investments while returning substantial capital to shareholders through dividends and share buybacks.
In recent earnings calls leading up to this dividend declaration, Broadridge management emphasized their disciplined expense management, organic revenue growth, and strategic tuck-in acquisitions to support long-term growth. For fiscal 2024, Broadridge achieved approximately 6% recurring revenue growth and 10% adjusted EPS growth. The company also expanded its sales pipeline, with a revenue backlog of $450 million, supporting a robust growth outlook for fiscal 2025.
Broadridge’s capital allocation strategy includes balanced investments in technology and acquisitions, with \(41 million spent on platform investments and two recent acquisitions—AdvisorTarget and CompSci—enhancing its data analytics and issuer services capabilities. The company also repurchased \)450 million in shares during fiscal 2024 and reduced debt by $60 million, bringing its leverage ratio below the targeted 2.5 times to 2.2, sustaining its investment-grade credit profile.
Looking forward, Broadridge projects continued sustainable growth with expected recurring revenue growth of 5% to 7% (mostly organic) and adjusted EPS growth of 8% to 12% for fiscal 2025. The dividend increase announced in this 8-K aligns with Broadridge’s track record of dividend growth—this marks the 12th double-digit increase in the past 13 years, reinforcing shareholder confidence and financial stability.
In summary, Broadridge’s latest dividend declaration and robust fiscal performance epitomize its strong financial health, efficient capital management, and strategic positioning to capitalize on growth opportunities in fintech infrastructure. Investors can expect sustained returns supported by stable earnings and cash flow generation.
Source for dividend declaration and financial data: Broadridge 8-K filing, May 13, 2025.
Tags: BroadridgeDividend2025, FintechFinancialResults, DividendGrowthStrategy, CapitalAllocationFintech, BroadridgeEarningsFiscal2024