Brady Corporation declares regular dividend to shareholders

Rhea-AI Summary

Brady (NYSE: BRC) announced on May 20, 2024, that its Board of Directors has declared a dividend of $0.235 per share for its Class A Common Stock. The dividend will be payable on July 31, 2024, to shareholders on record as of July 10, 2024.

Brady , established in 1914 and headquartered in Milwaukee, Wisconsin, specializes in manufacturing and marketing solutions for safety and productivity. The company serves various sectors including electronics, telecommunications, manufacturing, and aerospace, and employs around 5,600 people globally. In fiscal 2023, Brady reported sales of approximately $1.33 billion.

Brady’s stock is listed on the New York Stock Exchange under the symbol BRC. Additional details are available at www.bradyid.com.

Positive

• Declared dividend of $0.235 per share, which can appeal to income-focused investors.
• Strong market presence across diverse industries including electronics, telecommunications, and aerospace.
• Reported fiscal 2023 sales of approximately $1.33 billion, indicating a solid revenue stream.
• Global workforce of approximately 5,600 employees, suggesting substantial operational capacity.

Negative

• No information provided on recent financial performance beyond fiscal 2023, which may lead to uncertainty.
• Announcement of dividends might not suffice to attract growth-focused investors.
• The press release lacks details on net income or profit margins, important for assessing financial health.

MILWAUKEE, May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, Brady Corporation’s (NYSE: BRC) Board of Directors declared a dividend to shareholders of the company’s Class A Common Stock of $0.235 per share, payable on July 31, 2024, to shareholders of record at the close of business on July 10, 2024.

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.bradyid.com.

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

FAQ

When did Brady declare a dividend?

Brady declared a dividend on May 20, 2024.

How much is the dividend per share declared by Brady ?

The dividend declared is $0.235 per share.

When is the dividend payable for Brady 's shareholders?

The dividend is payable on July 31, 2024.

What is the record date for Brady 's dividend?

The record date for the dividend is July 10, 2024.

What is Brady 's stock symbol?

Brady 's stock symbol is BRC.

What were Brady 's fiscal 2023 sales?

Brady 's fiscal 2023 sales were approximately $1.33 billion.