Brady Corporation (NYSE:BRC) Declares Dividend Increase - $0.25 Per Share

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) declared a quarterly dividend on Wednesday, September 3rd, RTT News reports. Investors of record on Friday, October 10th will be paid 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 payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings.

Brady Price Performance

Shares of Brady stock traded down $0.77 on Friday, hitting $81.98. The company's stock had a trading volume of 189,355 shares, compared to its average volume of 168,004. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.88. Brady has a 1 year low of $62.70 and a 1 year high of $84.03. The firm has a fifty day moving average price of $72.07 and a 200-day moving average price of $70.67. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 20.86 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 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analyst estimates of $384.67 million. During the same quarter in the previous year, the business earned $1.19 EPS. Brady's revenue for the quarter was up 15.7% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. As a group, sell-side analysts anticipate that Brady will post 4.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on BRC. Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Sidoti upgraded Brady to a "strong-buy" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average 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.