Brady Corporation, a leading global manufacturer and supplier of identification solutions, has recently made an exciting announcement that is sure to please its shareholders. On August 30, 2023, the company's Board of Directors gave the green light to a significant increase in the annual dividend for holders of its Class A Common Stock. This move underscores the company's commitment to rewarding its investors and maintaining a strong track record of dividend growth.

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Annual Dividend Boost

‍In a show of confidence in its financial performance and future prospects, Brady Corporation has raised its annual dividend for Class A Common Stock shareholders. The previous annual dividend of $0.92 per share has been bumped up to an impressive $0.94 per share. This boost represents a tangible benefit for investors who rely on dividends as a source of income, demonstrating the company's dedication to shareholder value.

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Quarterly Payout Details

‍Shareholders of Brady Corporation's Class A Common Stock can look forward to reaping the benefits of this dividend increase soon. A quarterly dividend of $0.235 per share is set to be distributed on October 31, 2023. To qualify for this payout, investors must be on the company's records as of the close of business on October 10, 2023. This timing allows shareholders ample opportunity to position themselves for the upcoming dividend distribution.

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Consistent Dividend Growth

‍One remarkable aspect of this announcement is that it marks the 38th consecutive annual dividend increase by Brady Corporation. This impressive streak underscores the company's commitment to providing a reliable and growing income stream to its shareholders. It also reflects the company's financial strength and ability to generate sustainable returns over the long term.

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Brady Corporation's decision to increase its annual dividend is not only a testament to its financial stability but also a clear signal of its dedication to its shareholders. With the 38th consecutive annual dividend increase, the company continues to demonstrate its ability to reward investors and maintain a strong track record of dividend growth. Shareholders can eagerly anticipate the upcoming quarterly dividend payout, knowing that their investment in Brady Corporation is poised to provide even more value.