Belden Inc. (NYSE:BDC) announced a quarterly dividend on Wednesday, August 21st, Zacks reports. Shareholders of record on Thursday, September 19th will be paid a dividend of 0.05 per share by the industrial products company on Monday, October 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, September 18th.
Belden has raised its dividend by an average of 1.6% per year over the last three years. Belden has a dividend payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Belden to earn $5.93 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 3.4%.
Shares of NYSE:BDC opened at $54.19 on Tuesday. The business’s fifty day moving average price is $46.75 and its two-hundred day moving average price is $54.39. The stock has a market cap of $2.43 billion, a PE ratio of 8.94 and a beta of 2.39. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.89. Belden has a one year low of $37.79 and a one year high of $73.57.
Belden (NYSE:BDC) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.01). Belden had a net margin of 7.76% and a return on equity of 19.29%. The company had revenue of $637.50 million for the quarter, compared to analyst estimates of $641.65 million. During the same quarter last year, the company posted $1.52 EPS. Belden’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Belden will post 5.54 earnings per share for the current fiscal year.
Several research firms have recently issued reports on BDC. Zacks Investment Research cut Belden from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on Belden from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. SunTrust Banks decreased their price objective on Belden to $54.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, ValuEngine cut Belden from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Belden has a consensus rating of “Hold” and an average price target of $62.58.
In other news, SVP Leo Kulmaczewski bought 800 shares of Belden stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $45.46 per share, for a total transaction of $36,368.00. Following the completion of the acquisition, the senior vice president now owns 10,692 shares of the company’s stock, valued at $486,058.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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