These financial firms offer rising dividends

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS INC. $100 (New York symbol BR; High-Growth Dividend Payer Portfolio, Finance sector; Shares o/s: 115.7 million; Market cap: $11.6 billion; Dividend yield: 1.9%; Dividend Sustainability Rating: Above Average; www.broadridge.com) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. Broadridge last raised its quarterly dividend with the October 2018 payment. Investors now receive $0.485 a share, up 32.9% from $0.365. The new annual rate of $1.94 yields 1.9%. Since 2016, the company has made 13 acquisitions. Some have added to its product offerings. Others have helped keep it at the forefront of the industry’s rapid technological change. Most recently, Broadridge acquired specific private fund regulatory capabilities from PivotData LLC, a provider of compliance reporting solutions for the investment community, and its partner SOL Hedge LLC. Although the company has yet to reveal the price, the deal helps Broadridge’s clients meet the increasingly tricky reporting requirements for regulators. The new technologies will help the company with its plan to digitize…