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

Brady Co. (NYSE:BRC) announced a quarterly dividend on Monday, May 20th, Zacks reports. Shareholders of record on Wednesday, July 10th will be given a dividend of 0.235 per share by the industrial products company on Wednesday, July 31st. This represents a $0.94 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, July 10th.

Brady has raised its dividend by an average of 2.0% per year over the last three years and has increased its dividend every year for the last 38 years. Brady has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Brady to earn $4.35 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 21.6%.

Brady Price Performance

NYSE:BRC opened at $66.01 on Tuesday. Brady has a 52 week low of $46.77 and a 52 week high of $68.80. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.13 billion, a P/E ratio of 16.84, a P/E/G ratio of 2.04 and a beta of 0.77. The stock’s fifty day moving average is $64.49 and its two-hundred day moving average is $61.28.

Brady (NYSE:BRC) last issued its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Brady had a return on equity of 19.61% and a net margin of 14.22%. The business had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $339.80 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Brady will post 4.13 EPS for the current year.

Insider Activity

In other news, Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the completion of the sale, the director now directly owns 11,551 shares of the company’s stock, valued at $683,819.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.60% of the company’s stock.

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.