Littelfuse, Inc. to Issue Quarterly Dividend of $0.65 (NASDAQ:LFUS)

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Thursday, May 23rd will be paid a dividend of 0.65 per share by the technology company on Thursday, June 6th. This represents a $2.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, May 22nd.

Littelfuse has increased its dividend payment by an average of 9.2% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Littelfuse has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $11.43 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 22.7%.

Littelfuse Stock Performance

Littelfuse stock traded up $5.48 during mid-day trading on Thursday, reaching $238.83. 168,552 shares of the company's stock were exchanged, compared to its average volume of 146,915. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $234.76 and its 200 day simple moving average is $239.25. Littelfuse has a one year low of $212.80 and a one year high of $309.94. The firm has a market capitalization of $5.95 billion, a PE ratio of 27.36, a P/E/G ratio of 2.04 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to analysts' expectations of $519.08 million. Littelfuse had a return on equity of 10.27% and a net margin of 9.58%. The firm's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.64 earnings per share. On average, sell-side analysts expect that Littelfuse will post 9.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on Littelfuse in a research report on Tuesday, April 9th. They set a "hold" rating and a $260.00 target price for the company.

Insiders Place Their Bets

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of Littelfuse stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the sale, the senior vice president now owns 3,086 shares of the company's stock, valued at $742,923.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Ryan K. Stafford sold 1,932 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now owns 24,155 shares of the company's stock, valued at approximately $5,884,641.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the sale, the senior vice president now directly owns 3,086 shares of the company's stock, valued at approximately $742,923.64. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock valued at $1,064,413 over the last 90 days. Insiders own 2.30% of the company's stock.

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.