Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 15, 2019

Article Excerpt

T. ROWE PRICE GROUP INC., $97.58, Nasdaq symbol TROW, sells mutual funds and wealth management services. With the March 2019 payment, the company will raise its quarterly dividend by 8.6%, to $0.76 a share from $0.70. The new annual rate of $3.04 yields 3.1%. T. Rowe Price has now increased its dividend each year for the past 33 years. In addition, the company has now added 10 million shares to its repurchase authorization, bringing the total to about 22.4 million shares (or 10% of the total outstanding). There are no time limits for those purchases. OUR RECOMMENDATION: T. Rowe Price is a buy. Rowe Price recent coverage January 2019 issue September 2018 issue BROADRIDGE FINANCIAL SOLUTIONS INC., $100.35, New York symbol BR, serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. Investor communications makes up 77% of revenue. Securities processing and transaction clearing contribute the remaining 23%. In its fiscal 2019 second quarter, ended December 31, 2018, revenue fell 5.9%, to…