Brady Corporation dividend yield – Brady Corporation Announces $0.23 Dividend for 2023
March 15, 2023
Trending News 🌥️
Brady Corporation ($NYSE:BRC) is pleased to announce that it will declare a cash dividend of $0.23 per share to its shareholders for the fiscal year 2023. This is Brady Corporation’s third consecutive dividend payment since it resumed payouts in 2021. The Board of Directors is pleased to announce the same dividend amount for fiscal year 2023 as it has for the past two fiscal years. The Board believes that this demonstrates a commitment to consistent, stable dividend payouts, and is a testament to Brady Corporation’s financial strength and stability. Shareholders are encouraged to take advantage of this opportunity to receive a consistent, reliable dividend payment from Brady Corporation.
This represents a great way for shareholders to build additional income while supporting a stable and well-managed company. The Board of Directors also wishes to thank shareholders for their ongoing support. They remain committed to providing a steady dividend payment and to continuing to strengthen Brady Corporation’s financial position in the future.
Dividends – Brady Corporation dividend yield
Brady Corporation has announced a $0.23 dividend for 2023, marking the third consecutive year that the company has issued a dividend per share to its shareholders. The dividend yields from 2021 to 2023 have been 1.84%, 1.69% and 1.84% respectively, making the average dividend yield 1.79%. This is yet another sign of Brady Corporation’s commitment to rewarding its shareholders with a healthy dividend return.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brady Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.31k | 157.77 | 12.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brady Corporation. More…
| Operations | Investing | Financing |
| 151.5 | -34.85 | -154.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brady Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.37k | 404.87 | 19.48 |
Key Ratios Snapshot
Some of the financial key ratios for Brady Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | 7.0% | 15.8% |
| FCF Margin | ROE | ROA |
| 8.9% | 13.8% | 9.4% |
Share Price
On Monday, BRADY CORPORATION announced a $0.23 dividend for 2023. Following the news, BRADY CORPORATION stock opened at $51.9 and closed at $52.0, down by 1.5% from the previous closing price of $52.8. This expected dividend distribution is in line with the company’s long-term goal of providing returns to its shareholders.
The dividend payout ratio is based on the company’s strong financial performance and outlook for the coming year. Investors can look forward to continued growth and stability with BRADY CORPORATION. Live Quote…
Analysis – Brady Corporation Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of BRADY CORPORATION‘s wellbeing and found that their fair value of their share was around $56.1. This calculation was based on our proprietary Valuation Line. This presents a great opportunity for investors to purchase the stock at a good value. More…
Peers
Brady manufactures and markets products for identification, safety, security and compliance. Some of Brady’s competitors include Viscount Systems Inc, Nohmi Bosai Ltd, and Sentry Technology Corp.
– Viscount Systems Inc ($OTCPK:VSYS)
Viscount Systems Inc is a Canadian company that provides software and hardware solutions for the security industry. The company has a market cap of 508.16k as of 2022 and a Return on Equity of 35.63%. Viscount Systems Inc provides software and hardware solutions for the security industry. The company’s products include video surveillance, access control, and intrusion detection systems.
– Nohmi Bosai Ltd ($TSE:6744)
Nohmi Bosai Ltd is a leading provider of fire protection and security products and services. The company has a market capitalization of 97.11 billion as of 2022 and a return on equity of 6.35%. Nohmi Bosai Ltd provides a range of products and services including fire extinguishers, sprinklers, alarms, and security systems. The company has a strong reputation for quality and innovation, and is a market leader in its field.
– Sentry Technology Corp ($OTCPK:SKVY)
Sentry Technology Corp is a provider of security solutions. The company offers a range of products and services that include intrusion detection, video surveillance, access control, and perimeter security. Sentry Technology Corp has a market cap of 3.59M as of 2022. The company’s Return on Equity is 0.3%.
Summary
Brady Corporation has announced a dividend of $0.23 per share for the 2023 financial year. This dividend is an increase from last year’s payout, and marks the company’s commitment to creating value for shareholders. Analysts are expecting Brady Corporation to continue its strong performance, driven primarily by its focus on digital transformation and technology-enabled services. The company has seen remarkable growth over the past few years and is expected to post impressive results in the upcoming financial year.
Investors should consider Brady Corporation as a long-term investment due to its solid fundamentals, including a healthy balance sheet, solid management team and competitive advantages. Brady Corporation’s dividend yield is higher than the industry average, making it a compelling option for dividend investors.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
