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

Belden Inc. (NYSE:BDC - Get Free Report) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders of record on Thursday, March 13th will be paid 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 dividend yield of 0.19%. The ex-dividend date is Thursday, March 13th.

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 Price Performance

Shares of BDC stock traded down $3.72 on Monday, hitting $106.31. 361,614 shares of the stock traded hands, compared to its average volume of 253,637. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 22.10 and a beta of 1.08. Belden has a 52 week low of $80.90 and a 52 week high of $131.82. The firm has a 50 day simple moving average of $114.65 and a two-hundred day simple moving average of $115.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate 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 research analysts predict that Belden will post 7.07 earnings per share for the current fiscal year.

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Analyst Ratings Changes

BDC has been the topic of a number of research reports. Loop Capital reduced their price target 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. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Benchmark reiterated a "buy" rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Four equities research 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 presently has an average rating of "Buy" and an average price target of $130.25.

Insider Buying and Selling at Belden

In other news, CEO Ashish Chand sold 14,535 shares of the business's 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 sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. The trade was a 11.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan C. Klein sold 2,129 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the sale, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. This trade represents a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,228 shares of company stock worth $2,147,892. Insiders own 1.59% of the company's stock.

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.