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

Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) declared a quarterly dividend on Monday, March 10th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.17 per share by the technology company on Friday, April 11th. This represents a $0.68 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, March 31st.

Benchmark Electronics has raised its dividend by an average of 0.8% per year over the last three years. Benchmark Electronics has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings.

Benchmark Electronics Price Performance

Shares of NYSE BHE traded up $1.29 during trading hours on Friday, reaching $39.50. 149,589 shares of the stock traded hands, compared to its average volume of 303,778. The company's 50-day simple moving average is $42.84 and its two-hundred day simple moving average is $44.45. The company has a market capitalization of $1.42 billion, a P/E ratio of 22.83 and a beta of 0.97. Benchmark Electronics has a 52-week low of $27.44 and a 52-week high of $52.57. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

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Wall Street Analysts Forecast Growth

BHE has been the topic of several recent research reports. Needham & Company LLC raised their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total transaction of $232,920.00. Following the sale, the chief executive officer now directly owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company's stock.

Benchmark Electronics Company Profile

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.