Brady Co. (BRC) To Go Ex-Dividend on January 10th

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

Brady has raised its dividend payment by an average of 2.2% annually over the last three years and has increased its dividend every year for the last 39 years. Brady has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings.

Brady Price Performance

Shares of NYSE:BRC opened at $73.29 on Wednesday. The firm’s 50 day moving average is $74.30 and its two-hundred day moving average is $72.54. Brady has a 52 week low of $56.09 and a 52 week high of $77.68. The firm has a market capitalization of $3.50 billion, a P/E ratio of 18.01 and a beta of 0.77. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. During the same quarter last year, the business earned $1.00 earnings per share. Brady’s revenue was up 13.6% compared to the same quarter last year. Analysts anticipate that Brady will post 4.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Brady

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.