Brady Corporation hikes dividend by 2.2%

On August 31, 2022, Brady Corporation (BRC) announced a dividend increase of 2.2% to $0.23 quarterly per share. This follows a dividend hike of 2.3 percent to 22.5 cents per share in 2021. This marks the company's 37th consecutive year of annual dividend increases by the manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people.

On August 30, 2022, Brady Corporation’s 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. 

A new annualized rate of 92 cents per share yields 2.0% at a stock price of $46.30 for BRC. The next ex-dividend date for Brady Corporation is October 6, 2022.

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. Its IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products. The company's brands include Electromark, Identicard, PromoVision, Scafftag, Seton and Emedco.  Founded in 1914, Brady 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.