Belden Inc (NYSE:BDC – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.05 per share by the industrial products company on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend 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 Stock Up 0.9%
Shares of NYSE BDC opened at $105.73 on Friday. The stock has a market cap of $4.12 billion, a PE ratio of 17.80 and a beta of 1.18. The business has a fifty day moving average of $117.88 and a two-hundred day moving average of $121.49. Belden has a 52-week low of $101.00 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Benchmark lifted their price objective on Belden from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 13th. Weiss Ratings cut Belden from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Belden currently has an average rating of “Moderate Buy” and an average target price of $162.50.
Get Our Latest Stock Report on BDC
Belden Company Profile
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 high‐performance, reliable products for harsh environments.
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