Brady Corporation (BRC) will raise its quarterly dividend by 2.4 percent to $0.2125 per share in 2018. This follows a 1.2 percent dividend hike last year and marks the company's 33rd consecutive year of annual dividend increases.

A quarterly dividend to shareholders of the company's Class A Common Stock of $0.2125 per share will be paid on October 31, 2018, to shareholders of record at the close of business on October 10, 2018.  The new annual dividend yields 1.9% at a stock price of $45.15.

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.