Benchmark Electronics, Inc. (NYSE:BHE) Plans $0.17 Quarterly Dividend

Benchmark Electronics, Inc. (NYSE:BHE) declared a quarterly dividend on Monday, March 10th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.17 per share by the technology company on Friday, April 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%.

Benchmark Electronics has raised its dividend payment by an average of 0.8% per year over the last three years. Benchmark Electronics has a payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings.

Benchmark Electronics Trading Down 0.1 %

BHE opened at $38.17 on Tuesday. The company has a fifty day moving average price of $43.24 and a two-hundred day moving average price of $44.56. Benchmark Electronics has a 1-year low of $27.44 and a 1-year high of $52.57. The company has a market cap of $1.37 billion, a P/E ratio of 22.06 and a beta of 0.97. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BHE shares. Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.00.

Insider Buying and Selling at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total value of $271,860.00. Following the sale, the chief executive officer now owns 418,173 shares of the company’s stock, valued at $18,947,418.63. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.