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

Vishay Intertechnology, Inc. (NYSE:VSH) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.10 per share by the semiconductor company on Thursday, March 27th. This represents a $0.40 annualized dividend and a yield of 2.25%.

Vishay Intertechnology has increased its dividend payment by an average of 1.3% per year over the last three years. Vishay Intertechnology has a dividend payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vishay Intertechnology to earn $1.67 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 24.0%.

Vishay Intertechnology Price Performance

Shares of VSH traded up $0.49 during trading hours on Thursday, hitting $17.76. The stock had a trading volume of 1,370,395 shares, compared to its average volume of 1,713,881. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -73.98 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.70 and a quick ratio of 1.85. The company’s fifty day moving average is $17.11 and its two-hundred day moving average is $18.14. Vishay Intertechnology has a 52 week low of $14.95 and a 52 week high of $24.68.

Insiders Place Their Bets

In other news, Chairman Marc Zandman sold 20,359 shares of Vishay Intertechnology stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total value of $340,198.89. Following the completion of the sale, the chairman now directly owns 32,957 shares of the company’s stock, valued at approximately $550,711.47. This trade represents a 38.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VSH. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 price target on the stock.

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.