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

Brady Co. (NYSE:BRC) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.33%.

Brady has increased its dividend 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 dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings.

Brady Trading Down 0.8 %

NYSE BRC opened at $72.27 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.76 and a beta of 0.76. The stock’s 50 day moving average is $73.81 and its 200 day moving average is $73.94. Brady has a twelve month low of $56.71 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 announced its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The business had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter last year, the firm posted $0.93 EPS. Research analysts forecast that Brady will post 4.55 earnings per share for the current fiscal year.

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.