Belden Inc (NYSE:BDC – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.05 per share by the industrial products company on Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 16th.
Belden has a payout ratio of 2.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Belden to earn $9.20 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 2.2%.
Belden Price Performance
BDC stock opened at $104.81 on Friday. The business has a fifty day moving average of $118.23 and a two-hundred day moving average of $121.60. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 17.64 and a beta of 1.18. Belden has a 52-week low of $101.00 and a 52-week high of $159.99.
About Belden
Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.
Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering highâperformance, reliable products for harsh environments.
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