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

Brady Co. (NYSE:BRC) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.32%.

Brady has raised its dividend by an average of 2.2% per year 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 Trading Down 0.3 %

BRC stock opened at $72.91 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady has a one year low of $56.59 and a one year high of $77.68. The company’s 50 day moving average price is $73.84 and its two-hundred day moving average price is $73.92. The company has a market capitalization of $3.48 billion, a PE ratio of 17.91 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly 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 company had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period last year, the firm earned $0.93 earnings per share. As a group, analysts predict 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.