Brady Corporation increases its dividend to shareholders for the 37th consecutive year

Rhea-AI Summary

On August 30, 2022, Brady Corporation's Board of Directors approved an increase in the annual dividend for Class A Common Stock from $0.90 to $0.92 per share. This quarterly dividend of $0.23 will be paid on October 28, 2022, to shareholders of record on October 7, 2022. This marks the 37th consecutive annual increase in dividends. Brady, an international manufacturer of safety and identification solutions, reported fiscal 2021 sales of approximately $1.14 billion and employs around 5,700 people worldwide.

Positive

• Dividend increased to $0.92 per share, demonstrating consistent shareholder returns.
• 37th consecutive annual dividend increase indicates strong company performance and reliability.
• Fiscal 2021 sales of approximately $1.14 billion show solid revenue generation.

Negative

• None.

News Market Reaction – BRC

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-0.52% Session move

In the trading session that priced this news, BRC declined 0.52%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MILWAUKEE, Aug. 31, 2022 (GLOBE NEWSWIRE) -- On August 30, 2022, 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 $0.90 per share to $0.92 per share. A quarterly dividend to shareholders of the Company’s Class A Common Stock of $0.23 per share will be paid on October 28, 2022, to shareholders of record at the close of business on October 7, 2022. This dividend represents the 37^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, 2021, employed approximately 5,700 people in its worldwide businesses. Brady’s fiscal 2021 sales were approximately $1.14 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 the new dividend amount for Brady Corporation (BRC)?

The new dividend amount for Brady Corporation (BRC) is $0.92 per share.

When will the next dividend payment for BRC be made?

The next dividend payment for BRC will be made on October 28, 2022.

What date is the record date for Brady Corporation's dividend?

The record date for Brady Corporation's dividend is October 7, 2022.

How many consecutive years has Brady Corporation increased its dividend?

Brady Corporation has increased its dividend for 37 consecutive years.

What were Brady Corporation's fiscal 2021 sales figures?

Brady Corporation reported fiscal 2021 sales of approximately $1.14 billion.