The Brink’s Company (NYSE:BCO – Get Free Report) announced a quarterly dividend on Thursday, July 11th, RTT News reports. Shareholders of record on Monday, July 29th will be given a dividend of 0.2425 per share by the business services provider on Tuesday, September 3rd. This represents a $0.97 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, July 29th.
Brink’s has raised its dividend payment by an average of 12.8% per year over the last three years. Brink’s has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brink’s to earn $9.15 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 10.6%.
Brink’s Stock Performance
Shares of BCO stock opened at $108.86 on Friday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 41.71 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. The firm’s 50 day moving average is $102.70 and its 200 day moving average is $91.70. Brink’s has a 12 month low of $64.15 and a 12 month high of $109.48.
Wall Street Analysts Forecast Growth
Separately, William Blair initiated coverage on Brink’s in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $106.50.
Read Our Latest Report on Brink’s
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.
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