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

Belden Inc. (NYSE:BDC) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, March 13th will be given 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 0.18%. The ex-dividend date of this dividend is Thursday, March 13th.

Belden has a payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

BDC stock opened at $110.11 on Friday. The firm’s 50-day moving average price is $114.79 and its two-hundred day moving average price is $114.76. Belden has a 12-month low of $80.90 and a 12-month high of $131.82. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 22.89 and a beta of 1.08. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Belden will post 7.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BDC has been the topic of a number of research reports. StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Truist Financial boosted their price objective on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of Belden in a report on Monday, February 10th. Finally, Loop Capital cut their price objective on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Belden has an average rating of “Buy” and a consensus price target of $130.25.

Insider Activity at Belden

In other Belden news, SVP Leah Tate sold 2,400 shares of the 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 transaction, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the sale, the chief executive officer now owns 107,129 shares in the company, valued at $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,228 shares of company stock worth $2,147,892 over the last quarter. Company insiders own 1.59% of the company’s stock.

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.