Published on 3 Apr 2024 on Simply Wall St. via Yahoo Finance

Is It Smart To Buy Brady Corporation (NYSE:BRC) Before It Goes Ex-Dividend?

Brady Corporation (NYSE:BRC) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. In other words, investors can purchase Brady's shares before the 8th of April in order to be eligible for the dividend, which will be paid on the 30th of April.

The company's next dividend payment will be US$0.235 per share, on the back of last year when the company paid a total of US$0.94 to shareholders. Based on the last year's worth of payments, Brady has a trailing yield of 1.6% on the current stock price of US$59.02. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

Check out our latest analysis for Brady