Belden Inc. Plans Quarterly Dividend of $0.05 (BDC)
Belden (NYSE:BDC) announced a quarterly dividend on Wednesday, August 27th, AmericanBankingNews.com reports. Stockholders of record on Friday, September 12th will be paid a dividend of 0.05 per share on Thursday, October 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.27%.
A number of analysts have recently weighed in on BDC shares. Analysts at SunTrust reiterated a “buy” rating on shares of Belden in a research note on Thursday, July 31st. They now have a $92.00 price target on the stock, up previously from $91.00.
Shares of Belden (NYSE:BDC) traded down 0.41% during mid-day trading on Wednesday, hitting $73.42. The stock had a trading volume of 8,899 shares. Belden has a 52-week low of $56.07 and a 52-week high of $79.30. The stock has a 50-day moving average of $73.20 and a 200-day moving average of $72.76. The company has a market cap of $3.175 billion and a price-to-earnings ratio of 42.96.
Belden (NYSE:BDC) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.04. The company had revenue of $605.10 million for the quarter, compared to the consensus estimate of $595.60 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts expect that Belden will post $4.21 EPS for the current fiscal year.
Belden Inc (NYSE:BDC) designs, manufactures and markets cable, connectivity, and networking products in markets including industrial, enterprise, and broadcast.
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