Belden Inc (NYSE:BDC – Get Free Report) announced a quarterly dividend on Monday, August 17th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.05 per share by the industrial products company on Thursday, October 8th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, September 16th.
Belden has a dividend payout ratio of 2.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Belden to earn $10.16 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 2.0%.
Belden Stock Performance
NYSE:BDC opened at $137.74 on Tuesday. The firm’s 50-day moving average is $116.15 and its 200-day moving average is $120.54. Belden has a 52-week low of $98.00 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 22.40 and a beta of 1.12.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Citigroup assumed coverage on Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price target for the company. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Truist Financial restated a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $156.25.
Read Our Latest Report on Belden
Belden Company Profile
Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.
Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.
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