Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.80 per share by the technology company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. This is a 6.7% increase from Littelfuse’s previous quarterly dividend of $0.75.
Littelfuse has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Littelfuse has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $17.27 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 17.4%.
Littelfuse Trading Up 4.7%
Shares of NASDAQ:LFUS opened at $410.47 on Thursday. The company has a 50 day moving average of $443.60 and a 200-day moving average of $387.51. The firm has a market cap of $10.38 billion, a P/E ratio of -242.88, a P/E/G ratio of 2.20 and a beta of 1.49. Littelfuse has a twelve month low of $233.36 and a twelve month high of $500.57. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on LFUS shares. Oppenheimer boosted their target price on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Littelfuse in a research report on Friday, July 10th. Needham & Company LLC reiterated a “buy” rating and set a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 price target on Littelfuse in a research report on Thursday, May 7th. Finally, Robert W. Baird increased their price objective on Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $465.83.
View Our Latest Analysis on Littelfuse
About Littelfuse
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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