Belden Inc (NYSE:BDC – Get Free Report) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.05 per share by the industrial products company on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 12th.
Belden has a payout ratio of 2.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 2.9%
NYSE:BDC opened at $142.99 on Friday. The business’s fifty day moving average price is $127.18 and its 200 day moving average price is $123.11. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 24.20 and a beta of 1.20. The company has a current ratio of 1.93, a quick ratio of 1.36 and a debt-to-equity ratio of 1.02. Belden has a 1-year low of $83.18 and a 1-year high of $159.99.
About Belden
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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