Brady Corporation increases its dividend to shareholders for the 39th consecutive year

Rhea-AI Summary

Brady (NYSE: BRC) has announced its 39th consecutive annual dividend increase. The Board of Directors approved a raise in the annual dividend from $0.94 to $0.96 per share for Class A Common Stock shareholders. A quarterly dividend of $0.24 per share will be paid on October 31, 2024, to shareholders of record as of October 10, 2024.

Brady , founded in 1914, is an international manufacturer and marketer of identification and protection solutions. The company serves diverse industries including electronics, telecommunications, manufacturing, and aerospace. Brady's fiscal 2023 sales were approximately $1.33 billion, and it employed about 5,600 people worldwide as of July 31, 2023.

Positive

• Increased annual dividend from $0.94 to $0.96 per share
• 39th consecutive year of dividend increase
• Fiscal 2023 sales of approximately $1.33 billion
• Diverse customer base across multiple industries

Negative

• None.

MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- On September 4, 2024, Brady Corporation’s (NYSE: BRC) Board of Directors approved an increase in the annual dividend to shareholders of the Company’s Class A Common Stock from $0.94 per share to $0.96 per share. A quarterly dividend to shareholders of the Company’s Class A Common Stock of $0.24 per share will be paid on October 31, 2024, to shareholders of record at the close of business on October 10, 2024. This dividend represents the 39^th consecutive annual increase in dividends.  

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, 2023, employed approximately 5,600 people in its worldwide businesses. Brady’s fiscal 2023 sales were approximately $1.33 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradycorp.com.

For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 358-5176

FAQ

What is Brady 's new annual dividend for 2024?

Brady 's new annual dividend for 2024 is $0.96 per share for Class A Common Stock, up from $0.94 per share.

When will Brady (BRC) pay its next quarterly dividend?

Brady (BRC) will pay its next quarterly dividend of $0.24 per share on October 31, 2024.

What was Brady 's (BRC) revenue for fiscal year 2023?

Brady 's (BRC) revenue for fiscal year 2023 was approximately $1.33 billion.

How many consecutive years has Brady (BRC) increased its dividend?

Brady (BRC) has increased its dividend for 39 consecutive years as of 2024.