Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.10 per share by the semiconductor company on Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, March 13th.
Vishay Intertechnology has raised its dividend payment by an average of 1.3% annually over the last three years. Vishay Intertechnology has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vishay Intertechnology to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.0%.
Vishay Intertechnology Stock Up 5.3 %
NYSE VSH traded up $0.93 during trading hours on Monday, reaching $18.68. 2,105,789 shares of the company traded hands, compared to its average volume of 1,765,895. Vishay Intertechnology has a 12 month low of $14.95 and a 12 month high of $24.68. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.54 billion, a PE ratio of -77.84 and a beta of 1.12. The company has a 50 day moving average of $17.12 and a two-hundred day moving average of $17.98.
Insiders Place Their Bets
In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total transaction of $340,198.89. Following the sale, the chairman now directly owns 32,957 shares of the company's stock, valued at approximately $550,711.47. This represents a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.14% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on VSH shares. JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They set a "neutral" rating and a $19.00 price objective on the stock. StockNews.com downgraded shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Thursday.
Read Our Latest Report on VSH
About Vishay Intertechnology
(
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Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.
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