Belden Inc. (BDC) To Go Ex-Dividend on March 13th

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 0.18%. The ex-dividend date of this dividend 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 Stock Up 2.8 %

BDC opened at $110.11 on Friday. The company has a 50 day moving average of $114.79 and a 200 day moving average of $114.76. The company has a market cap of $4.43 billion, a PE ratio of 22.89 and a beta of 1.08. Belden has a 12 month low of $80.90 and a 12 month high of $131.82. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Belden will post 7.07 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on BDC shares. Loop Capital cut their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Finally, Truist Financial raised their price target on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $130.25.

Insider Activity

In related news, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction on 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 transaction, the chief executive officer now owns 107,129 shares in the company, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on 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 transaction, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,228 shares of company stock worth $2,147,892. 1.59% of the stock is currently 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.