Belden Inc. Plans Quarterly Dividend of $0.05 (NYSE:BDC)

Belden Inc. (NYSE:BDC) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Friday, March 13th will be given a dividend of 0.05 per share by the industrial products company on Tuesday, April 7th. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date is Thursday, March 12th.

Belden has a dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Belden to earn $5.12 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 3.9%.

Shares of NYSE:BDC opened at $50.44 on Friday. The firm’s 50 day moving average price is $52.87 and its 200-day moving average price is $51.54. Belden has a twelve month low of $41.50 and a twelve month high of $64.33. The company has a quick ratio of 1.59, a current ratio of 1.91 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $2.35 billion, a PE ratio of -5.81 and a beta of 2.47.

Belden (NYSE:BDC) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.13. Belden had a negative net margin of 15.74% and a positive return on equity of 17.78%. The firm had revenue of $549.70 million for the quarter, compared to analysts’ expectations of $520.73 million. During the same quarter in the prior year, the business earned $1.66 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Belden will post 4.41 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on BDC. Longbow Research upgraded shares of Belden from a “neutral” rating to a “buy” rating in a research note on Friday, January 3rd. Cross Research cut shares of Belden from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Zacks Investment Research upgraded shares of Belden from a “sell” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued a $52.00 price objective on shares of Belden in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Belden from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.85.

About Belden

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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Dividend History for Belden (NYSE:BDC)

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