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

Benchmark Electronics, Inc. (NYSE:BHE) announced 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Monday, March 31st.

Benchmark Electronics has raised its dividend by an average of 0.8% annually 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 Stock Up 2.6 %

NYSE BHE opened at $39.17 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The stock has a market capitalization of $1.41 billion, a PE ratio of 22.64 and a beta of 0.97. Benchmark Electronics has a 1 year low of $27.44 and a 1 year high of $52.57. The business’s 50-day moving average is $43.12 and its 200 day moving average is $44.54.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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

BHE has been the subject of a number of analyst reports. Needham & Company LLC raised their price objective on Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $45.31, for a total value of $271,860.00. Following the transaction, the chief executive officer now directly owns 418,173 shares in the company, valued at $18,947,418.63. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

About Benchmark Electronics

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.