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

Belden Inc. (NYSE:BDC) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 annualized dividend and a yield of 0.19%.

Belden has a dividend payout ratio of 2.5% meaning 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 Stock Performance

Shares of Belden stock opened at $107.06 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of 22.26 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. The business has a 50-day moving average price of $114.86 and a two-hundred day moving average price of $114.65. Belden has a 1-year low of $80.90 and a 1-year high of $131.82.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Loop Capital decreased their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Truist Financial boosted their target price on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Finally, StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $130.25.

Insider Activity at Belden

In other news, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now owns 107,129 shares in the company, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 19,228 shares of company stock valued at $2,147,892. 1.59% of the stock is owned by corporate insiders.

About Belden

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.