Brady: Dividend Insights
Portfolio Pulse from Benzinga Insights
Brady (NYSE:BRC) announced a quarterly dividend of 23.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning BRC stock by the end of Monday are eligible for the dividend, to be paid on January 31, 2024. The stock is expected to open 23.5 cents lower on the ex-dividend date.
January 04, 2024 | 2:45 pm
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Brady Corp. is set to pay a quarterly dividend of 23.5 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
Brady's stock price is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend. However, the impact is typically short-lived and the stock may recover as investors reinvest dividends or new investors see a lower entry point.
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