Broadridge Posts Fiscal Q4 Beat

Broadridge Financial Solutions, a provider of investor communications solutions, reported higher-than-estimated Q4 profit and revenue and raised its quarterly dividend. Adjusted EPS increased to $1.71 in the three months ended June 30 from $1.45 per share, topping the $1.70 average estimate of analysts surveyed by Capital IQ.

Q4 revenue increased 38% to $1.35 billion, also surpassing the analyst consensus of $1.31 billion. Looking forward, the company anticipates FY18 adjusted EPS growth of 15-19%, and revenue growth of 2-3%. The company also said it approved an 11% increase in its annual dividend amount to $1.46 a share. A quarterly dividend of $0.365 a share will be payable on Oct. 3 to shareholders of record on Sept. 15.

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