Brady Corporation increases its dividend to shareholders for the 35th consecutive year

Rhea-AI Summary

On September 14, 2020, Brady Corporation's Board of Directors announced an increase in the annual dividend from $0.87 to $0.88 per share for its Class A Common Stock. This marks the 35th consecutive annual dividend increase. Shareholders will receive a quarterly dividend of $0.22 per share on October 30, 2020, for those on record by October 9, 2020. Additionally, the Board approved an amendment permitting virtual shareholder meetings. Brady, a manufacturer of safety and identification solutions, reported $1.16 billion in sales for fiscal 2019 and employs approximately 6,100 people globally.

Positive

• Dividend increased from $0.87 to $0.88 per share, indicating strong financial health.
• 35th consecutive annual dividend increase demonstrates commitment to shareholder returns.
• Quarterly dividend payable shows regular income for shareholders.

Negative

• None.

MILWAUKEE, Sept. 15, 2020 (GLOBE NEWSWIRE) -- On September 14, 2020, 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 $0.87 per share to $0.88 per share.  A quarterly dividend to shareholders of the Company’s Class A Common Stock of $0.22 per share will be paid on October 30, 2020, to shareholders of record at the close of business on October 9, 2020.  This dividend represents the 35^th consecutive annual increase in dividends.  

At the Board of Directors meeting on September 14, 2020, the Board also approved an amendment to the Company’s bylaws to permit virtual shareholder meetings.

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, 2019, employed approximately 6,100 people in its worldwide businesses.  Brady’s fiscal 2019 sales were approximately $1.16 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 annual dividend for Brady Corporation has increased to $0.88 per share.

When will the dividend be paid to shareholders of BRC?

The quarterly dividend of $0.22 per share will be paid on October 30, 2020.

What is the record date for the dividend payment for Brady Corporation?

Shareholders must be on record by October 9, 2020, to receive the dividend.

How many consecutive years has Brady Corporation increased its dividend?

Brady Corporation has increased its dividend for 35 consecutive years.