Brady Corporation (BRC) will raise its quarterly dividend by 2.3 percent to 22.5 cents per share in 2021. This follows last year's 1.1 percent hike to $0.22 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 36th consecutive year of annual dividend increases.
The next BRC dividend of $0.225 per share will be paid on October 29, 2021, to shareholders of record at the close of business on October 8, 2021. A new annualized rate of 90 cents per share yields 1.8% at a stock price of $50.94 for BRC. The next ex-dividend date for Brady Corporation is October 7, 2021.
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.