Belden(NYSE:BDC) Declares Dividend of $0.0500.

Belden (NYSE:BDC) had declared a cash dividend of $0.0500 on Nov 29, 2016. The shares will quote ex-dividend on Dec 14, 2016 and the record date has been fixed for Dec 16, 2016. On Nov 29, 2016 share price, the yield comes out to be 0.2686%. The dividend payable date has been fixed on Jan 4, 2017.

In a different note, On Sep 7, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Belden. The shares have been rated ‘Neutral’ by the firm.

Belden (BDC) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -0.21% at a volume of 2,41,559. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.07. The peak price level was also seen at $75.07 while the days lowest was $73.6. Finally the shares closed at $74.3. The 52-week high of the shares is $75.9058 while the 52-week low is $36.51. According to the latest information available, the market cap of the company is $3,131 M.

Belden(BDC) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $603.38M. Analysts had an estimated revenue of $582.25M. Earnings per share were $1.54. Analysts had estimated an EPS of $1.26.

Several Insider Transactions has been reported to the SEC. On Nov 22, 2016, John S Stroup (President and CEO) sold 21,210 shares at $72.08 per share price.Also, On Nov 10, 2016, Judy L Brown (director) sold 9,000 shares at $68.00 per share price.On Jul 20, 2016, Ross Rosenberg (SVP, Bus. Dev. & Strategy) sold 2,274 shares at $74.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Belden Inc. is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides industry secure and reliable transmission of data sound and video for mission critical applications. The Company operates in four segments: Broadcast Solutions which provides production distribution and connectivity systems for television broadcast cable satellite and IPTV industries; Enterprise Connectivity Solutions which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions which provides mission-critical networking systems. Its brands include Belden Alpha Wire Mohawk West Penn Wire Hirschmann SignalTight GarrettCom Poliron Tofino PPC Grass Valley ProSoft Technology and Tripwire. It sells products to distributors end-users installers and OEMs.

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