Vishay Intertechnology, Inc. (NYSE:VSH) to Issue $0.10 Quarterly Dividend

Vishay Intertechnology, Inc. (NYSE:VSH) announced a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Tuesday, September 10th will be paid a dividend of 0.10 per share by the semiconductor company on Thursday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, September 10th.

Vishay Intertechnology has increased its dividend payment by an average of 1.7% annually over the last three years. Vishay Intertechnology has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vishay Intertechnology to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 27.2%.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $19.61 on Thursday. The firm has a market cap of $2.69 billion, a PE ratio of 11.27 and a beta of 1.12. The stock has a 50 day moving average of $22.50 and a 200 day moving average of $22.46. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. Vishay Intertechnology has a 12 month low of $19.54 and a 12 month high of $27.81.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. The business had revenue of $741.20 million for the quarter, compared to analysts’ expectations of $754.71 million. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, research analysts expect that Vishay Intertechnology will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price objective on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.