Benchmark Electronics Declares Quarterly Dividend
Benchmark Electronics, Inc. (NYSE:BHE) has declared a quarterly dividend of $0.17 per share, payable on July 10th to stockholders of record on June 30th. This represents an annualized dividend and a dividend yield of 0.7%.
The company has raised its dividend by an average of 0.0% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Benchmark Electronics has a payout ratio of 25.8%, indicating that its dividend is sufficiently covered by earnings.
Company Overview
Benchmark Electronics is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early-stage design and prototyping to high-volume production and aftermarket support.
Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.
Stock Performance
Shares of Benchmark Electronics stock opened at $91.98 on Friday. The business has a 50-day moving average of $83.13 and a 200-day moving average of $63.42. Benchmark Electronics has a 52-week low of $34.44 and a 52-week high of $98.50.
The company has a market cap of $3.30 billion, a PE ratio of 96.82, and a beta of 1.26. The company has a quick ratio of 1.42, a current ratio of 2.18, and a debt-to-equity ratio of 0.18.
Recent Earnings
Benchmark Electronics last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02.
Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The business had revenue of $677.28 million for the quarter, compared to analysts’ expectations of $676.25 million.
Investment Opportunities
Indian investors looking to diversify their portfolios may consider investing in US stocks like Benchmark Electronics. However, it’s essential to conduct thorough research and consider factors like market volatility and economic indicators before making any investment decisions.