Brady Co. (NYSE:BRC) Announces Dividend Increase – $0.24 Per Share

Brady Co. (NYSE:BRC) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Thursday, October 10th will be paid a dividend of 0.24 per share by the industrial products company on Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24.

Brady has raised its dividend by an average of 2.0% annually over the last three years and has raised its dividend every year for the last 38 years. Brady has a dividend payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Equities 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

BRC stock opened at $72.19 on Friday. The company has a market cap of $3.43 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $70.06 and a two-hundred day moving average price of $64.41. Brady has a 12-month low of $51.35 and a 12-month high of $76.82.

Brady (NYSE:BRC) last announced its earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. 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 the consensus estimate of $351.74 million. During the same period in the prior year, the business posted $1.04 earnings per share. Brady’s revenue was down .7% compared to the same quarter last year. As a group, research analysts predict that Brady will post 4.13 EPS for the current 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 note on Saturday.

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.