Benchmark Electronics, Inc. (BHE) To Go Ex-Dividend on March 31st

Benchmark Electronics, Inc. (NYSE:BHE) announced a quarterly dividend on Monday, March 10th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, March 31st.

Benchmark Electronics has increased its dividend payment by an average of 0.8% per year 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 Performance

Shares of BHE opened at $38.85 on Friday. Benchmark Electronics has a one year low of $28.64 and a one year high of $52.57. The business has a fifty day moving average of $41.45 and a 200 day moving average of $44.36. 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 firm has a market capitalization of $1.40 billion, a P/E ratio of 22.45 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS 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 Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC lifted their target price on Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Insiders Place Their Bets

In other news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the transaction, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.