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

Brady Co. (NYSE:BRC) announced a quarterly dividend on Wednesday, December 4th,RTT News reports. Stockholders of record on Friday, January 10th will be paid 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 dividend yield of 1.26%.

Brady has increased its dividend payment by an average of 2.0% annually over the last three years and has raised its dividend annually for the last 39 consecutive years. Brady has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings.

Brady Trading Up 1.9 %

Shares of BRC opened at $76.08 on Thursday. The business’s 50-day moving average price is $74.20 and its 200-day moving average price is $71.06. Brady has a twelve month low of $56.09 and a twelve month high of $77.68. The stock has a market cap of $3.63 billion, a PE ratio of 18.69 and a beta of 0.77. 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 posted its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. Brady’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. On average, equities analysts forecast that Brady will post 4.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, General Counsel Andrew Gorman sold 8,736 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at approximately $751,374. This represents a 46.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 12,547 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the sale, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,262 shares of company stock valued at $3,371,231 over the last quarter. 15.60% of the stock is owned by corporate insiders.

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.