Growth plus regular dividend hikes

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS INC. $236 is a buy. The company (New York symbol BR; High-Growth Payer Portfolio, Finance sector; Shares outstanding: 116.9 million; Market cap: $27.6 billion; Dividend yield: 1.5%; Dividend Sustainability Rating: Above Average; www.broadridge.com) is best known for processing and distributing proxies and regulatory filings. Broadridge has raised its dividend each year since Automatic Data Processing spun it off to its shareholders in 2007. The latest increase came in October 2024 when your quarterly payment rose 10.0%, to $0.88 a share from $0.80. The new annual rate of $3.52 yields 1.5%. In the fiscal year ending June 30, 2025, Broadridge expects its earnings will rise by 10% to $8.52 a share, and the stock trades at a reasonable 27.7 times that forecast. Broadridge is a buy. buy…