Brady Co. (BRC) To Go Ex-Dividend on April 9th

Brady Co. (NYSE:BRC) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 9th.

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

Brady Trading Down 4.2 %

BRC opened at $66.64 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $72.22 and a 200-day moving average of $73.57. The stock has a market cap of $3.18 billion, a PE ratio of 16.37 and a beta of 0.75. Brady has a 52 week low of $57.89 and a 52 week high of $77.68.

Brady (NYSE:BRC) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. Equities research 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.