Brady Co. (NYSE:BRC) Announces $0.24 Quarterly Dividend

Brady Co. (NYSE:BRC) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.24 per share by the industrial products company on Wednesday, April 30th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%.

Brady has raised its dividend payment by an average of 2.2% annually over the last three years and has raised its dividend every year for the last 39 years. Brady has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings.

Brady Stock Performance

Shares of NYSE:BRC traded down $0.22 during midday trading on Thursday, hitting $72.91. The stock had a trading volume of 316,777 shares, compared to its average volume of 242,715. The company has a market capitalization of $3.48 billion, a PE ratio of 17.91 and a beta of 0.76. Brady has a 1 year low of $56.59 and a 1 year high of $77.68. The stock has a 50 day moving average price of $73.90 and a two-hundred day moving average price of $73.93. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The company had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period in the prior year, the firm posted $0.93 EPS. As a group, equities analysts predict that Brady will post 4.55 earnings per share for the current fiscal year.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.