Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.80 per share by the technology company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 20th. This is a 6.7% increase from Littelfuse’s previous quarterly dividend of $0.75.
Littelfuse has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Littelfuse has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $17.27 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 17.4%.
Littelfuse Stock Up 4.7%
Shares of Littelfuse stock traded up $18.42 during trading hours on Wednesday, hitting $410.47. The company had a trading volume of 875,049 shares, compared to its average volume of 314,798. The company’s 50-day moving average is $444.22 and its two-hundred day moving average is $386.54. Littelfuse has a twelve month low of $233.36 and a twelve month high of $500.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. The company has a market cap of $10.38 billion, a P/E ratio of -242.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.49.
Littelfuse Company Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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