LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors has a free review on Brady Corp. (NYSE: BRC) following the Company's announcement that it will begin trading ex-dividend on April 06, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on BRC:
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Dividend Declared
On February 19, 2018, Brady's Board of Directors declared a quarterly dividend to shareholders of the company's Class A Common Stock of $0.2075 per share, payable on April 30, 2018, to shareholders of record at the close of business on April 09, 2018.
Brady's indicated dividend represents a yield of 2.30%, which is substantially higher than the average dividend yield of 2.14% for the Services sector. The Company has raised dividend for thirty-two years in a row.
Dividend Insight
Brady has a dividend payout ratio of 42.1%, which indicates that the Company spends approximately $0.42 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Brady is forecasted to report earnings of $2.20 for the next year, which is more than double compared to the Company's annualized dividend of $0.86 per share.
Brady repaid $27.9 million in debt during the second quarter fiscal 2018 ended on January 31, 2018 and finished in a net cash position of $44.1 million. The Company's net cash provided by operating activities was $42.46 million for the six months period ended on January 31, 2018, compared to $53.34 million for the year ago same period. Brady's balance sheet continues to provide significant flexibility for investments in growth opportunities to drive long-term value for its shareholders.
About Brady Corp.
Brady is an international manufacturer and marketer of complete solutions that identify and protect people, products, and places. The Company'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. As of July 31, 2017, the Company employed approximately 6,300 people in its worldwide businesses.
Brady's fiscal 2017 sales were approximately $1.11 billion.
Stock Performance Snapshot
April 04, 2018 - At Wednesday's closing bell, Brady's stock marginally advanced 0.54%, ending the trading session at $37.45.
Volume traded for the day: 186.96 thousand shares.
After yesterday's close, Brady's market cap was at $1.92 billion.
Price to Earnings (P/E) ratio was at 19.98.
The stock has a dividend yield of 2.22%.
The stock is part of the Technology sector, categorized under the Security Software & Services industry. This sector was up 1.1% at the end of the session.
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