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

Brady Co. (NYSE:BRC) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.24 per share by the industrial products company on Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, January 10th.

Brady has raised its dividend 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 dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings.

Brady Stock Performance

NYSE BRC opened at $73.29 on Wednesday. The stock has a market cap of $3.50 billion, a P/E ratio of 18.01 and a beta of 0.77. The company’s 50-day simple moving average is $74.30 and its 200 day simple moving average is $72.54. Brady has a twelve month low of $56.09 and a twelve month high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last posted its earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. As a group, research analysts forecast that Brady will post 4.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th.

Brady Company Profile

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.