Back to Newsroom
Back to Newsroom

Dividend Coverage: This Circuit Protection Manufacturer raised its Dividend by 12%; Will Trade Ex-Dividend on August 21, 2017

Monday, 21 August 2017 07:00 AM

Pro-Trader Daily

Topic:

LONDON, UK / ACCESSWIRE / August 21, 2017 / Pro-Trader Daily takes a closer look at Littelfuse, Inc. (NASDAQ: LFUS) as the Company's stock will begin trading ex-dividend on August 22, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 21, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on LFUS. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=LFUS

Dividend Declared

On August 02, 2017, Littelfuse' Board of Directors approved a 12% increase in the quarterly cash dividend from $0.33 to $0.37, which equates to an annualized dividend of $1.48 per share. The dividend will be paid on September 07, 2017, to shareholders of record as of August 24, 2017.

Littelfuse' indicated dividend represents a yield of 0.83%, which is below the average dividend yield of 1.32%for the Industrial Goods sector. The Company has raised its dividend for seven consecutive years.

Dividend Insights

Littelfuse has a dividend payout ratio of 19.3% which indicates that the Company distributes approximately $0.19 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Littelfuse is forecasted to report earnings of $8.41 for the next year which is substantially above the Company's annualized dividend of $1.48.

For Q2 2017, Littelfuse' cash provided by operating activities was $93.57 million compared to $35.28 million in Q2 2016. As of July 01, 2017, the Company's cash and cash equivalents totaled $321.89 million, while its current assets came in at $794.85 million versus current liabilities of $202.19 million. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Littelfuse

On August 14, 2017, Littelfuse announced the appointment of Jeffrey Gorski as Vice President and Chief Accounting Officer. In his role, Mr. Gorski will be responsible for worldwide corporate and technical accounting, SEC reporting and shared services, and will report directly to the Company's Executive Vice President and Chief Financial Officer, Meenal Sethna. Mr. Gorski will succeed John Quille who is retiring and will remain in an advisory role during the transition.

Most recently, Mr. Gorski served as Senior Vice President and Chief Accounting Officer of R.R. Donnelley & Sons Co., where he held several roles of increasing responsibility. Prior to joining R.R. Donnelley, he was a senior manager at KPMG LLP. Mr. Gorski received a Bachelor of Arts in Accounting and Finance at the University of Wisconsin, Madison in Wisconsin, USA, and is a certified public accountant in Illinois.

About Littelfuse

Founded in 1927, Littelfuse is the world leader in circuit protection with growing global platforms in power control and sensing. The company serves customers in the electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays, and sensors. Littelfuse has over 10,000 employees in more than 40 locations throughout the Americas, Europe, and Asia.

Stock Performance

Littelfuse's share price finished last Friday's trading session at $176.39, marginally down 0.84%. A total volume of 107.38 thousand shares have exchanged hands. The Company's stock price soared 11.41% in the last three months, 7.94% in the past six months, and 43.79% in the previous twelve months. Additionally, the stock surged 16.22% since the start of the year. Shares of the Company have a PE ratio of 27.78 and have a dividend yield of 0.75%. The stock currently has a market cap of $4.04 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact-checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

Topic:
Back to newsroom
Back to Newsroom
Share by: