Belden Inc. (BDC) To Go Ex-Dividend on March 13th

Belden Inc. (NYSE:BDC) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.05 per share by the industrial products company on Thursday, April 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, March 13th.

Belden has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Belden to earn $8.38 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 2.4%.

Belden Trading Down 3.2 %

Belden stock opened at $101.11 on Tuesday. Belden has a 52-week low of $80.90 and a 52-week high of $131.82. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 21.02 and a beta of 1.02. The firm has a 50-day moving average price of $113.62 and a two-hundred day moving average price of $115.03. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Sell-side analysts expect that Belden will post 7.07 earnings per share for the current year.

Insider Activity

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the sale, the director now owns 9,968 shares of the company’s stock, valued at $1,096,480. This trade represents a 17.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the completion of the sale, the senior vice president now directly owns 23,243 shares of the company’s stock, valued at approximately $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock worth $2,589,774 over the last 90 days. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital reduced their price objective on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Belden presently has an average rating of “Buy” and an average target price of $130.25.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.