Brady Corporation (BRC) will raise its quarterly dividend by 1.1 percent to 22 cents per share in 2020. This follows last year's 2.4 percent to $0.2175 per share by the manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. This also marks the company's 35th consecutive year of annual dividend increases.

The next dividend will be paid on October 30, 2020, to shareholders of record at the close of business on October 9, 2020. A new annualized rate of 88 cents per share yields 1.9% based on Tuesday's closing stock price of $46.11.

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 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.