Broadridge Pays a Dividend

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $19.11 (New York symbol BR: SI Rating: Extra risk) (201-714-3000; www.broadridge.com; Shares outstanding: 139.2 million; Market cap: $2.7 million) reported 9.8% higher revenues in the three months ended March 31, 2007 to $499.4 million from $454.7 million. Earnings per share rose 25%, to $0.30 from $0.24. Broadridge trades for just 13.8 times the $1.38 it expects to make in the fiscal year ended June 30, 2007. The company has now set its initial dividend rate at $0.06 per quarter, for a current annual yield of 1.3%. Broadridge is still a buy. buy…