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

Vishay Intertechnology, Inc. (NYSE:VSH) declared a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Stockholders of record on Tuesday, September 10th will be given 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 2.17%. The ex-dividend date of this dividend 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 28.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vishay Intertechnology to earn $1.44 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 27.8%.

Vishay Intertechnology Stock Down 2.2 %

NYSE VSH opened at $18.46 on Friday. Vishay Intertechnology has a one year low of $18.44 and a one year high of $25.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.98 and a current ratio of 2.98. The business has a fifty day moving average price of $21.62 and a 200 day moving average price of $22.21. The company has a market cap of $2.52 billion, a P/E ratio of 10.61 and a beta of 1.10.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $741.20 million for the quarter, compared to analyst estimates of $754.71 million. Vishay Intertechnology had a net margin of 5.48% and a return on equity of 8.72%. Vishay Intertechnology’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. Research analysts anticipate that Vishay Intertechnology will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Company Profile

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.