The updated dividend, which rises from the previous 24.5 cents, amounts to an annual total of $1.00 per share. Based on the stock's Wednesday closing price of $90.18, the new payout reflects an annual yield of 1.1 percent. The company has confirmed that the distribution is scheduled for October 30, with the eligibility cutoff for shareholders of record set for October 9.
In section Market Quotes
Brady Corporation Extends Dividend Growth Streak to 41 Years
Shareholders of Brady Corporation are set to receive a slightly larger payout this autumn, as the company lifts its quarterly dividend to 25 cents per share. This modest two percent increase marks the 41st consecutive year the manufacturer has hiked its distribution to investors, underscoring a long-standing capital return strategy.
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