Belden Inc. (NYSE:BDC) declared a quarterly dividend on Tuesday, November 29th. Stockholders of record on Friday, December 16th will be given a dividend of 0.05 per share on Wednesday, January 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%.

Belden (NYSE:BDC) traded down 0.21% during trading on Tuesday, hitting $74.30. 241,559 shares of the stock were exchanged. Belden has a 1-year low of $36.51 and a 1-year high of $75.91. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 23.07 and a beta of 2.26. The company has a 50-day moving average price of $67.94 and a 200 day moving average price of $67.34.

Belden (NYSE:BDC) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.03. Belden had a net margin of 6.14% and a return on equity of 23.44%. The business had revenue of $601.10 million for the quarter, compared to analyst estimates of $606.66 million. During the same quarter in the prior year, the business earned $1.14 EPS. Belden’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Belden will post $5.24 earnings per share for the current fiscal year.

Dividend History for Belden (NYSE:BDC)

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A number of research firms have issued reports on BDC. Zacks Investment Research downgraded shares of Belden from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 20th. SunTrust Banks Inc. downgraded shares of Belden from a “buy” rating to a “neutral” rating and cut their price objective for the company from $84.00 to $79.00 in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Belden presently has an average rating of “Hold” and a consensus target price of $77.00.

In other news, Director Judy L. Brown sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $68.00, for a total transaction of $612,000.00. Following the completion of the sale, the director now owns 22,268 shares of the company’s stock, valued at approximately $1,514,224. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John S. Stroup sold 21,210 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $72.07, for a total transaction of $1,528,604.70. Following the sale, the insider now directly owns 69,969 shares of the company’s stock, valued at approximately $5,042,665.83. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Belden by 13.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,964,274 shares of the company’s stock worth $135,515,000 after buying an additional 240,470 shares during the period. Credit Suisse AG boosted its position in Belden by 28.4% in the third quarter. Credit Suisse AG now owns 73,488 shares of the company’s stock worth $5,071,000 after buying an additional 16,270 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Belden by 65.5% in the third quarter. Ameritas Investment Partners Inc. now owns 16,459 shares of the company’s stock worth $1,136,000 after buying an additional 6,516 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Belden by 998.1% in the third quarter. Panagora Asset Management Inc. now owns 25,971 shares of the company’s stock worth $1,792,000 after buying an additional 23,606 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Belden during the third quarter worth about $5,851,000.

Belden Company Profile

Belden Inc (Belden) is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides transmission of data, sound and video for mission critical applications. The Company’s segments include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions.

5 Day Chart for NYSE:BDC

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