Brink's Company (The) to Issue Quarterly Dividend of $0.26 (NYSE:BCO)

Brink's Company (The) (NYSE:BCO - Get Free Report) announced a quarterly dividend on Monday, July 14th, RTT News reports. Investors of record on Monday, July 28th will be given a dividend of 0.255 per share by the business services provider on Tuesday, September 2nd. This represents a $1.02 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, July 28th.

Brink's has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.2%

BCO stock traded up $1.08 during midday trading on Thursday, hitting $93.62. The company's stock had a trading volume of 42,340 shares, compared to its average volume of 305,467. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52. Brink's has a twelve month low of $80.10 and a twelve month high of $115.91. The company's fifty day moving average price is $87.93 and its 200 day moving average price is $89.30. The stock has a market capitalization of $3.93 billion, a P/E ratio of 25.31 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.43. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The company's revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, equities research analysts predict that Brink's will post 6.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Brink's by 10.9% during the 1st quarter. Royal Bank of Canada now owns 54,678 shares of the business services provider's stock worth $4,711,000 after purchasing an additional 5,359 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Brink's by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,098 shares of the business services provider's stock valued at $2,249,000 after buying an additional 852 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Brink's in the 1st quarter valued at about $257,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

About Brink's

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.