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

Brady Co. (NYSE:BRC - Get Free Report) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Wednesday, April 9th will be given 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 yield of 1.36%.

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

Brady Price Performance

NYSE:BRC traded down $1.91 during mid-day trading on Monday, hitting $70.56. The company's stock had a trading volume of 249,924 shares, compared to its average volume of 248,200. Brady has a fifty-two week low of $56.71 and a fifty-two week high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.32 and a beta of 0.76. The stock has a fifty day moving average of $73.81 and a 200-day moving average of $73.99.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million for the quarter, compared to analyst estimates 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 previous year, the business posted $0.93 EPS. As a group, equities analysts forecast that Brady will post 4.55 EPS for the current fiscal year.

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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.