Belden Inc. (NYSE:BDC) announced a quarterly dividend on Thursday, August 20th, Wall Street Journal reports. Investors of record on Friday, September 18th will be paid a dividend of 0.05 per share by the industrial products company on Tuesday, October 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, September 17th.
Belden has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Belden to earn $3.49 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 5.7%.
NYSE:BDC opened at $32.40 on Tuesday. The business’s 50-day moving average price is $33.82 and its 200 day moving average price is $34.04. The firm has a market cap of $1.44 billion, a P/E ratio of -2.77 and a beta of 1.72. Belden has a 52-week low of $25.54 and a 52-week high of $56.94. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.85.
Belden (NYSE:BDC) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.19. The firm had revenue of $424.80 million for the quarter, compared to analyst estimates of $410.19 million. Belden had a positive return on equity of 16.39% and a negative net margin of 25.43%. Belden’s revenue was down 33.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. Sell-side analysts expect that Belden will post 2.46 EPS for the current year.
A number of equities analysts recently weighed in on BDC shares. Zacks Investment Research cut Belden from a “hold” rating to a “sell” rating in a research note on Tuesday, July 28th. ValuEngine cut Belden from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. dropped their price target on Belden from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Belden currently has an average rating of “Hold” and an average target price of $41.28.
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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