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

Rhea-AI Summary

Brady Corporation (NYSE: BRC) announced that its shareholders unanimously elected director nominees to a one-year term during the annual meeting held on November 17, 2021. The Board also declared a dividend of $0.225 per share for the Class A Common Stock, payable on January 31, 2022, to shareholders recorded by January 10, 2022. With a fiscal 2021 revenue of approximately $1.14 billion and a workforce of about 5,700, Brady continues to provide safety and identification solutions across various industries.

Positive

• Unanimous election of director nominees indicates strong shareholder support.
• Declaration of a dividend of $0.225 per share enhances shareholder value.

Negative

• None.

MILWAUKEE, Nov. 17, 2021 (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.

At the Board of Directors meeting on November 17, 2021, the Board declared a dividend to shareholders of the Company's Class A Common Stock of $0.225 per share, payable on January 31, 2022, to shareholders of record at the close of business on January 10, 2022.

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 Bruno, President, Brady Education Foundation
• Nancy Lee Gioia, Director, Global Connectivity, Electrical and User Experience (Retired), Ford Motor Company
• Dr. Frank W. Harris, Chair of the Board of Directors, Akron Polymer Systems
• 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.
• J. Michael Nauman, President and Chief Executive Officer, Brady Corporation.

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) 438-5176

FAQ

What is the dividend amount declared by Brady Corporation?

Brady Corporation declared a dividend of $0.225 per share for its Class A Common Stock.

When will the dividend for Brady's Class A Common Stock be paid?

The dividend will be paid on January 31, 2022.

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

The record date for the dividend is January 10, 2022.

What significant event occurred during Brady Corporation's annual meeting?

Shareholders unanimously voted for the election of director nominees.

What were Brady Corporation's fiscal 2021 sales figures?

Brady Corporation's fiscal 2021 sales were approximately $1.14 billion.