The Brink’s Company (NYSE:BCO – Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.243 per share by the business services provider on Monday, June 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22.
Brink’s has raised its dividend payment by an average of 12.8% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Brink’s has a dividend payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brink’s to earn $9.71 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 9.1%.
Brink’s Stock Performance
Shares of BCO stock opened at $93.00 on Thursday. Brink’s has a 52 week low of $62.13 and a 52 week high of $98.31. The company has a market cap of $4.16 billion, a P/E ratio of 51.10 and a beta of 1.39. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27. The business has a 50 day moving average of $87.55 and a two-hundred day moving average of $82.75.
Insider Buying and Selling at Brink’s
In other Brink’s news, Director Keith R. Wyche sold 400 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the completion of the sale, the director now directly owns 665 shares of the company’s stock, valued at approximately $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on BCO. The Goldman Sachs Group raised their price target on Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a report on Friday, March 1st. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, Truist Financial increased their target price on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.
View 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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