Welcome to the 2024 Annual Meeting of Broadridge Financial Solutions. I would now like to introduce the first presenter, Rich Daly, Executive Chairman of Broadridge. Mr. Chairman, please go ahead.
Thank you. Good morning, everyone. I'd like to welcome you all to Broadridge's 2024 Annual Meeting. We are delighted that you can join us this morning and participate in this meeting. I'm Rich Daly, Executive Chairman of Broadridge. This is Broadridge's 16th completely virtual meeting of stockholders. Our virtual meeting solution permits validated shareholders to vote and ask questions during the meeting. Virtual shareholder meetings have increased the ability of shareholders to attend meetings from home or wherever they choose to be. This past year, Broadridge enabled companies to conduct over 2,400 annual meetings virtually, which has allowed over 60,000 shareholders and guests to participate in annual meetings. I'd like to introduce our additional directors, who along with me make up our slate of 10 director nominees. All nominees are in attendance at this meeting.
Joining me on video are our CEO and board member, Tim Gokey, the chair of our Audit Committee, Pam Carter, the chair of our Compensation Committee, Maura Markus, the chair of our Governance and Nominating Committee, Bob Duelks, and Eileen Murray, who will become our lead independent director. The other director nominees are joining the meeting via audio. They are Melvin Flowers, Brett Keller, Annette Nazareth, and Amit Zavery. I'd also like to introduce the partner representatives from our independent audit firm, Deloitte & Touche, who are joining us via audio: Taylor Limbert and Lenny DeSalvo. Our interim Chief Financial Officer, Ashima Ghei, is in the meeting, and our Chief Legal Officer, Hope Jarkowski, and our independent inspector of election, Louis Larson, are also joining the meeting on the phone line.
I'll now turn the meeting over to our Corporate Secretary, Maria Allen, to conduct the business aspects of the meeting.
Thank you, Rich. This meeting is held pursuant to a notice dated October 2nd, 2024. On or about October 2nd, each stockholder of record, as of the close of business on September 18th, was sent either a notification of internet availability of proxy materials or the proxy materials themselves. All documents concerning notice of the meeting will be filed with the records of the meeting. Louis Larson has been appointed inspector of elections to count all votes and determine the results of the voting. I have received Louis Larson's written oath of office as inspector, and he has presented me with evidence that notice of the meeting was properly given to all stockholders of record as of the record date. Louis, have you determined whether a quorum is present at this meeting?
Yes, I have determined that there are stockholders representing approximately 91.5% of the outstanding shares of common stock at this meeting in person or by proxy, which is sufficient for a quorum and for transacting the business of this meeting.
Thank you. Mr. Daly, I find that a quorum is present for the purpose of conducting business at this meeting, and I've been informed that there are 47 attendees at this meeting. All holders of the company's common stock as of the record date are entitled to vote online at this meeting on all business to come before the meeting. I now declare the polls open for this meeting. The polls will be closed after Mr. Gokey's business presentation. If there's any stockholder present who wishes to vote or wishes to change their vote, please do so now. Broadridge stockholders also have the ability to submit questions either online or by phone by dialing 1-877-328-2502 and providing the control number that was included with the notice of this meeting. Mr. Daly will now present the proposals.
Thank you, Maria. The items to be considered at this meeting are set forth in detail in the notice of the 2024 Annual Meeting of Stockholders and Proxy Statement of the Company, each dated October 2nd, 2024, and mailed or made available to stockholders of the company. The first item of business on our agenda is the election of directors. Serve until the next annual meeting of stockholders or until their respective successors shall have been elected and qualified. The board has recommended the 10 nominees listed in our proxy materials for election to our board of directors. The corporate secretary has advised me that there were no valid nominations by stockholders submitted to the company prior to this meeting in accordance with the bylaws. Therefore, I declare the nominations closed. The second item of business is a non-binding advisory vote on the compensation of our named executive officers.
I want to remind you that this vote is advisory, so it will not be binding on us. That being said, we recognize that our stockholders have a fundamental interest in Broadridge's executive compensation practices, so our Compensation Committee will take into account the result of this vote when considering future executive compensation decisions. The third item on our agenda is the ratification of the selection of Deloitte & Touche as the company's independent registered public accounting firm for the 2025 fiscal year. The Board recommends that stockholders vote for proposals one, two, and three. As a reminder, Broadridge's stockholders have the ability to submit questions on the proposals. Are there any questions at this time pertaining to these items? I'll pause briefly for any online questions.
While we give the team a moment to check whether there are any questions, I want to remind stockholders that the polls will be closed after Mr. Gokey's business presentation. After the votes have been cast and the polls closed, the inspector will announce the preliminary results. The team is still checking on whether there are any questions. Seeing no questions, I'll proceed. I'll now turn the meeting over to our Chief Executive Officer, Mr. Gokey, for his business presentation. Tim.
Thank you, Maria, and good morning to everyone. I'm Tim Gokey, CEO of Broadridge. Welcome to our 2024 Annual Shareholder Meeting. As Rich said, this is our 16th virtual-only annual meeting, and again, it's powered by Broadridge's Virtual Shareholder Meeting, VSM Technology. Our VSM Solutions supported over 2,400 annual shareholder meetings this past year, which, as Rich said, allowed tens of thousands of investors to participate in annual meetings. Broadridge provides the critical infrastructure that powers corporate governance around the world, and Virtual Shareholder Meetings are just one example of how we're making it easier than ever for public companies, for funds, and for ETFs to engage with their shareholders. Today, I want to begin by discussing our fiscal year 2024 results, followed by our fiscal first quarter 2025 results, after which the polls will be closed and we'll take questions. Now, some financial highlights.
I'm very pleased with Broadridge's strong fiscal year 2024 results. Recurring revenue, constant currency, grew by 6% to $2.4 billion. Total revenues grew 7% to $6.5 billion. This strong top-line performance contributed to a 10% growth in adjusted EPS to 7.73. Notably, we generated a company record $342 million in closed sales, which was a 39% growth over the previous year, and we ended the year with free cash flow conversion of 102%. Lastly, in August, our board approved a 10% increase in our annual dividend to $300.52 per share. This is the 18th consecutive year of increasing dividends every year since we became a public company. Beyond the numbers, our fiscal 24 was a year of strong operating performance, where we helped clients reinvent themselves, and where clients see Broadridge as an important partner to help them operate, innovate, and grow.
Now, I want to give a brief summary of our first quarter fiscal 2025 results, which we reported just last week. Broadridge reported solid first quarter results with 4% recurring revenue growth, constant currency, $1 of adjusted EPS, and 21% growth in closed sales over a very strong 2024. Our results were driven by strong execution of our strategy to democratize investing, digitize investing, simplify and innovate trading, and modernize wealth management. And last week, we raised our fiscal year 2025 recurring revenue growth guidance to 6%-8%, up from previously 5%-7% following the closing of our SIS acquisition. In summary, Broadridge is off to a strong start to fiscal year 2025. We're executing at our long-term growth plan, helping our clients address the growing number of new investors, drive digitization, adapt to regulatory change, and innovate.
We're delivering that innovation for our capital markets clients and expanding our wealth management business. I strongly encourage all of you to visit our sustainability website and to read our 2024 Sustainability Report, which highlights our commitment to driving sustainable growth, engaging our talented and diverse associates, and reducing emissions for ourselves and our clients. I'd also like to thank our board of directors for their guidance, insights, and valuable contributions, which have been essential to our success. I especially want to thank our lead independent director, Leslie Brun, who's retiring from the board. He's made many contributions over many years of valued service to the board since we became an independent company, and his impact has been felt through all of these years. Let me also thank our more than 14,000 associates across the globe.
Their hard work, focus on serving our clients, and success in bringing innovation to our industry is what is powering our growth. Thank you. Finally, I want to express my gratitude to you, our shareholders, for your investment in our company and for the confidence you've shown in me as your CEO. We are on a strong path towards scaling a global fintech leader and an increasingly trusted and transformative partner for our clients, creating significant value for our shareholders, and I remain confident that the best is yet to come for Broadridge. With that, I'll turn the meeting back over to Maria for the results of the vote.
Thank you, Tim. All ballots have been submitted, and I now announce the polls for this meeting are closed. Inspector, will you please report the results of the vote?
All valid votes received will be included in the final vote report. On the motion for the election of directors, more than 95% of the votes cast at this meeting were cast in favor of the election of each of the director nominees. On the motion for approval of Broadridge's executive compensation, more than 89% of the votes cast at this meeting have approved Broadridge's executive compensation as disclosed in the proxy statement. On the motion for the ratification of the appointment of Deloitte & Touche as the company's independent registered public accounting firm for the 2025 fiscal year, more than 98% of the votes cast at this meeting were cast in favor of ratification.
Thank you, Louis. I declare that the proposed slate of directors has been duly elected, our executive compensation has been approved by a non-binding advisory vote, and the appointment of Deloitte & Touche as our independent registered public accounting firm has been duly ratified. I direct that the results of the voting be incorporated into the minutes of this meeting. The business of this meeting is now complete, and I declare the meeting formally adjourned. The complete voting results will be contained in a Form 8-K that the company will file with the SEC within four business days following this meeting. And now we will begin the Q&A portion of the meeting. As a reminder, you can ask a question during the meeting by submitting it in the Ask a Question field or by calling 1-877-328-2502. I'll repeat that number, 1-877-328-2502.
If time doesn't allow or a follow-up is required, we'll respond to your questions within 24 hours with responses available on our investor relations website, broadridge-ir.com. I'll now turn the meeting back over to Tim Gokey for the Q&A. Since there were no questions submitted prior to the meeting, we'll begin with questions submitted online live during the meeting. Tim?
Great, Maria. Can you read out any questions that have come in?
Sure. The team is checking to see whether there are any questions. As a reminder, we will take the questions live online first and then go to the phone after the online questions. The team sees no questions entered as of now. We'll check again. Since there are no online questions, we'll now take questions from the phone line. Operator?
We will now begin the phone question and answer session. To ask a question on the phone, you may press star then one on your telephone keypad. If you are using a speakerphone, you will need to pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we will pause momentarily to assemble the roster. I am showing no questions at this time.
Okay. Well, if we have no questions, I would just like to take a moment to once again thank everyone for attending this morning, to thank you for your investment in Broadridge. And I hope, as you heard this morning, and I hope, as you heard last week at our call with investors, we believe we are on track for a very solid, very attractive year this year and that we have a bright future as a company. So thank you again.
So I'm checking one more time, Tim, to see whether there are any questions from the team. I see there are no further questions, so I'll turn the meeting over to Rich Daly. Rich?
Thanks, Maria. I want to join Tim in recognizing Leslie Brun. Leslie was our director at the time we became an independent public company in 2010. His leadership and his support for all of us in management has been exceptional. And without Leslie's guidance, we would not be as successful as we are. I'm going to conclude now by thanking you for attending this morning and thanking you for your interest in Broadridge. Please choose to have a great day.