Brink’s Company (The) (NYSE:BCO – Get Free Report) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, February 2nd will be paid a dividend of 0.255 per share by the business services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, February 2nd.
Brink’s has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Brink’s has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brink’s to earn $7.01 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 14.6%.
Brink’s Price Performance
Shares of NYSE:BCO opened at $127.05 on Friday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 32.49 and a beta of 1.10. The business has a 50-day simple moving average of $119.74 and a two-hundred day simple moving average of $112.70. Brink’s has a fifty-two week low of $80.10 and a fifty-two week high of $127.48. The company has a debt-to-equity ratio of 9.14, a quick ratio of 1.46 and a current ratio of 1.46.
Brink’s announced that its board has approved a stock repurchase program on Thursday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
About Brink’s
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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