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04 April
Ex-Dividend Reminder: Brady, Quanta Services and Mastercard

Looking at the universe of stocks we cover at Dividend Channel, on 4/8/24, Brady Corp (Symbol: BRC), Quanta Services, Inc. (Symbol: PWR), and Mastercard Inc (Symbol: MA) will all trade ex-dividend for their respective upcoming dividends. Brady Corp will pay its quarterly dividend of $0.235 on 4/30/24, Quanta Services, Inc. will pay its quarterly dividend of $0.09 on 4/17/24, and Mastercard Inc will pay its quarterly dividend of $0.66 on 5/9/24. As a percentage of BRC's recent stock price of $59.56, this dividend works out to approximately 0.39%, so look for shares of Brady Corp to trade 0.39% lower — all else being equal — when BRC shares open for trading on 4/8/24. Similarly, investors should look for PWR to open 0.03% lower in price and for MA to open 0.14% lower, all else being equal.

Below are dividend history charts for BRC, PWR, and MA, showing historical dividends prior to the most recent ones declared.

Brady Corp (Symbol: BRC):

BRC+Dividend+History+Chart

Quanta Services, Inc. (Symbol: PWR):

PWR+Dividend+History+Chart

Mastercard Inc (Symbol: MA):

MA+Dividend+History+Chart

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.58% for Brady Corp, 0.14% for Quanta Services, Inc., and 0.55% for Mastercard Inc.

In Thursday trading, Brady Corp shares are currently up about 0.9%, Quanta Services, Inc. shares are up about 2.4%, and Mastercard Inc shares are down about 0.4% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.