Brady Corporation (NYSE:BRC) Plans Quarterly Dividend of $0.25

Key Points

• Brady Corporation has increased its quarterly dividend by 2.1% to $0.25 per share, which will be paid to stockholders on October 31st for those on record by October 10th.
• The company's payout ratio stands at 19.6%, indicating that the dividend is well-covered by earnings.
• Brady's stock closed at $77.89, showing an upward movement during trading, with a market capitalization of $3.69 billion.

Brady Corporation (NYSE:BRC - Get Free Report) announced a quarterly dividend on Wednesday, September 3rd, RTT News reports. Investors of record on Friday, October 10th will be given a dividend of 0.245 per share by the industrial products company on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 10th. This is a 2.1% increase from Brady's previous quarterly dividend of $0.24.

Brady has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings.

Brady Stock Performance

Shares of NYSE BRC traded down $1.66 during mid-day trading on Monday, hitting $80.30. The company had a trading volume of 196,906 shares, compared to its average volume of 168,004. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.27. The business's 50-day simple moving average is $72.32 and its 200-day simple moving average is $70.75. Brady has a 12 month low of $62.70 and a 12 month high of $84.03. The firm has a market cap of $3.80 billion, a P/E ratio of 20.43 and a beta of 0.83.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.02. The firm had revenue of $397.28 million during the quarter, compared to analysts' expectations of $384.67 million. Brady had a net margin of 12.50% and a return on equity of 19.29%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, analysts predict that Brady will post 4.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRC has been the subject of several recent analyst reports. Sidoti raised shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Brady has a consensus rating of "Strong Buy".

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.