Littelfuse, Inc. (NASDAQ:LFUS) Raises Dividend to $0.75 Per Share

Key Points

• Littelfuse, Inc. has raised its quarterly dividend to $0.75 per share, reflecting a 7.1% increase from the previous dividend of $0.70.
• The company reported earnings of $2.85 per share for the last quarter, exceeding the consensus estimate by $0.50, and year-over-year revenue increased by 9.8%.
• Current price target estimates for Littelfuse vary, with Oppenheimer lowering their target to $275.00, while Wall Street analysts maintain an average target of $252.25.

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Thursday, August 21st will be given a dividend of 0.75 per share by the technology company on Thursday, September 4th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 21st. This is a 7.1% increase from Littelfuse's previous quarterly dividend of $0.70.

Littelfuse has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $11.56 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 24.2%.

Littelfuse Stock Down 3.9%

Shares of LFUS traded down $9.93 during midday trading on Friday, hitting $247.40. 29,502 shares of the company's stock traded hands, compared to its average volume of 216,340. The company has a current ratio of 4.06, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. Littelfuse has a 1 year low of $142.10 and a 1 year high of $275.56. The firm's fifty day moving average is $225.83 and its 200-day moving average is $214.47.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.50. The company had revenue of $613.41 million for the quarter, compared to analyst estimates of $571.04 million. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. As a group, sell-side analysts anticipate that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.