Brink's Company Announces 10% Dividend Increase on Common Stock
May 4, 2023
The Brink's Company (BCO), the renowned global leader in total cash management, route-based secure logistics, and payment solutions, made an exciting announcement today regarding its regular quarterly dividend. The company's Board of Directors has approved a substantial 10% increase in the dividend on its common stock, demonstrating their confidence in the company's performance and commitment to shareholder value. This article delves into the details of this dividend increase and its significance for Brink's Company shareholders.
Brink's Company has declared a dividend increase from 20 cents per share to 22 cents per share on its common stock. This 10% raise will undoubtedly please the company's shareholders, who can now look forward to enhanced returns on their investment. The increased dividend is a reflection of the company's strong performance throughout 2022, as well as its solid financial position and positive business outlook for the future.
Shareholders of Brink's Company as of the record date, May 15, 2023, will be eligible to receive the increased dividend. The dividend will be payable on June 1, 2023. This timeline provides shareholders with ample time to ensure they meet the eligibility criteria and can look forward to the forthcoming dividend payment.
Mark Eubanks, the President and CEO of Brink's Company, expressed his enthusiasm regarding the dividend increase. In a statement, he highlighted the company's exceptional performance in 2022 and its strong financial standing. Eubanks also emphasized the dividend increase as part of the company's broader capital allocation framework, alongside their share repurchase program. These initiatives showcase Brink's Company's commitment to delivering long-term shareholder value by returning excess cash to its shareholders.
Brink's Company shareholders can anticipate several benefits from this dividend increase. Firstly, the enhanced dividend reflects the company's confidence in its future growth prospects and financial stability. Secondly, it provides investors with a higher yield on their investment, allowing them to realize greater returns. Lastly, the dividend increase serves as a testament to Brink's Company's commitment to its shareholders, demonstrating their dedication to rewarding investors for their trust and support.
Members of LevelFields received the alert of this event on May 4, 5:20 PM ET
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