Brady Corporation elects Board of Directors and declares regular dividend to shareholders

Rhea-AI Summary

Brady (NYSE: BRC) announced the unanimous election of ten directors to its Board for one-year terms at the annual shareholders meeting. The Board includes experienced executives from various industries, including the company's CEO Russell R. Shaller.

The Board declared a dividend of $0.24 per share for Class A Common Stock shareholders, payable on January 31, 2025, to shareholders of record as of January 10, 2025.

Brady , founded in 1914, is an international manufacturer of identification and protection solutions, serving diverse industries including electronics, telecommunications, and medical sectors. The company reported fiscal 2024 sales of $1.34 billion and employs approximately 5,700 people worldwide.

Positive

• Fiscal 2024 sales reached $1.34 billion
• Regular dividend payment of $0.24 per share maintained
• Strong market presence across diverse industries

Negative

• None.

Insights

Financial Analyst

Brady 's regular quarterly dividend of $0.24 per share maintains its consistent shareholder return policy, representing an annual yield of approximately 1.8% based on current stock prices. The company's solid financial position, evidenced by fiscal 2024 sales of $1.34 billion, supports this dividend commitment. The re-election of experienced board members, including former executives from major corporations like Danaher and PPG Industries, suggests stable corporate governance and strategic continuity.

The board's composition reflects a blend of technological, financial and operational expertise, which is important for Brady's diverse business segments across identification solutions and workplace safety. While routine in nature, the dividend declaration signals financial stability and commitment to shareholder returns, particularly important given the company's mature market position in industrial identification and safety solutions.

MILWAUKEE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (“Company”) announced that shareholders of the Company’s Class B Common Voting Stock have voted unanimously in favor of the election of the director nominees to a one-year term at the Company’s annual meeting of shareholders held today in Milwaukee.

Elected to the Brady Corporation Board of Directors are:

• Patrick W. Allender, Executive Vice President and Chief Financial Officer (Retired), Danaher Corporation
• Dr. David S. Bem, Vice President of Science and Technology and Chief Technology Officer, PPG Industries, Inc.
• Dr. Elizabeth P. Bruno, President, Brady Education Foundation
• Joanne Collins Smee, Executive Vice President and President of the Americas (Retired), Xerox Corporation
• Deidre E. Cusack, Executive Vice President of Global Products & Solutions (Retired), Dematic
• Christopher M. Hix, Chief Financial Officer (Retired), Enovis Corporation
• Vineet Nargolwala, President, CEO and a director, Allegro MicroSystems, Inc.
• Bradley C. Richardson, Executive Vice President and Chief Financial Officer (Retired), Avient Corporation
• Dr. Michelle E. Williams, Global Group President (Retired), Altuglas International, an affiliate of Arkema S.A.
• Russell R. Shaller, President and Chief Executive Officer, Brady Corporation.

At the Board of Directors meeting on December 3, 2024, the Board declared a dividend to shareholders of the Company's Class A Common Stock of $0.24 per share, payable on January 31, 2025, to shareholders of record at the close of business on January 10, 2025.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2024, employed approximately 5,700 people in its worldwide businesses. Brady’s fiscal 2024 sales were approximately $1.34 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradyid.com.

For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 438-5176

FAQ

When will Brady (BRC) pay its next dividend?

Brady will pay a dividend of $0.24 per share on January 31, 2025, to shareholders of record as of January 10, 2025.

What were Brady 's (BRC) fiscal 2024 sales?

Brady reported fiscal 2024 sales of approximately $1.34 billion.

How many directors were elected to Brady 's (BRC) Board in December 2024?

Ten directors were unanimously elected to Brady 's Board for one-year terms.

How many employees does Brady (BRC) have as of 2024?

As of July 31, 2024, Brady employed approximately 5,700 people in its worldwide businesses.