The Brink’s Company (NYSE:BCO – Get Free Report) declared a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.2425 per share by the business services provider on Monday, December 2nd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, November 4th.
Brink’s has raised its dividend payment by an average of 12.8% per year over the last three years. Brink’s has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brink’s to earn $8.93 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 10.9%.
Brink’s Price Performance
Shares of Brink’s stock traded up $1.09 during midday trading on Friday, hitting $112.89. 166,517 shares of the company traded hands, compared to its average volume of 253,157. The firm’s fifty day moving average price is $105.56 and its 200-day moving average price is $98.16. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 43.15 and a beta of 1.43. Brink’s has a 12 month low of $64.15 and a 12 month high of $113.63. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57.
Wall Street Analyst Weigh In
BCO has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Brink’s has a consensus rating of “Buy” and an average target price of $123.50.
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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