Bravura Solutions Ltd (ASX: BVS) Share Price and News
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Bravura Solutions Ltd (BVS) provides software solutions for the wealth management, life insurance, and funds administration industries. The company’s on-premised, managed, hosted and cloud solutions are used by many leading global financial institutions such as Fidelity International, JP Morgan, Citi and Lloyds.
Bravura’s flagship product is Sonata, a next-generation wealth management administration system that helps businesses reduce operating expenses while increasing customer connectivity and engagement.
The company was founded in 2004 and went on to the list on the ASX in 2006 under the ticker code BVA. In 2013, Bravura was acquired by private equity investor Ironbridge Capital, only to return to the ASX a few years later under its current ticker code BVS. Since rejoining the ASX in 2016, Bravura shares have posted impressive share price gains while also paying out some of its profits as dividends.
Bravura Solutions Ltd (ASX: BVS) Latest News
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James Mickleboro | June 12, 2020 3:29pm
Bravura Solutions Ltd (ASX:BVS) and this ASX share have been dragged lower during the market crash. Here's why I would buy them today... More »
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Will Bravura pay a dividend in 2020?
Bravura Solutions has paid a dividend since 2017 in March and September each year. In 2020, Bravura paid an interim dividend of 5.5 cents per share, unfranked. This dividend was paid on 27 March 2020.
So far, there has been no specific guidance from Bravura regarding its final FY20 payment.
Does Bravura offer a dividend reinvestment plan?
Yes, historically Bravura has offered a dividend reinvestment plan (DRP). When the DRP is active, shareholders can elect to reinvest all or part of their dividends in fully paid ordinary Bravura shares.