EX-Dividend Schedule: Vishay Intertechnology Boosted its Dividend by 26%; Will Trade Ex-Dividend on June 12, 2018
LONDON, UK / ACCESSWIRE / June 11, 2018 / Active-Investors has a free review on Vishay Intertechnology, Inc. (NYSE: VSH) following the Company’s announcement that it will begin trading ex-dividend on June 12, 2018. 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 June 11, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on VSH:
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Dividend Declared
On May 07, 2018, Vishay announced that its Board of Directors declared a dividend of $0.085 per share of common stock and Class B common stock, a 26% increase over the previous quarter’s dividend, to be paid on June 28, 2018, to stockholders of record as of the close of business on June 13, 2018.
Vishay’s indicated dividend represents a yield of 1.57%, which is substantially higher than the average dividend yield of 1.07% for the Technology sector. The Company has raised dividend for two consecutive years.
Dividend Insights
Vishay has a dividend payout ratio of 19.1%, which indicates that the Company spends approximately $0.20 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount 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, Vishay is forecasted to report earnings of $1.81 per share for the next year, which is more than five times higher compared to the Company’s annualized dividend payout of $0.34 per share.
At March 31, 2018, Vishay’s cash and cash equivalents totaled $839.59 million compared to $748.03 million as on December 31, 2017. The Company’s cash from operations for trailing twelve months were $372 million and capital expenditures totaled $182 million. The Company’s balance sheet remains strong and is well positioned over the long-term to sustain its dividend distribution.
Recent Development for Vishay
On June 04, 2018, Vishay announced a new high current planar choke inductor that offers the same performance as wirewound devices in a fraction of the space. The new IPLA 32 measures just 31 mm by 43 mm by 22.2 mm but is rated for currents up to 110 A, allowing high power density DC/DC converters to occupy a significantly smaller footprint.
With a recommended frequency range of 100 kHz to 800 kHz, the IPLA 32 will enable more compact and lightweight DC/DC circuitry in electric and hybrid cars, off-road vehicles including forklifts, and all manner of embedded systems. The IPLA 32 is available with standard inductance values of 1 μH, 2 μH, 3 μH, and 4 μH. Magnetically shielded for low EMI, the inductor features a high self-resonance frequency and very stable performance versus temperature.
About Vishay Intertechnology, Inc.
Vishay Intertechnology, a Fortune 1000 Company, is one of the world’s largest manufacturers of discrete semiconductors and passive electronic components. These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets.
Stock Performance Snapshot
June 08, 2018 – At Friday’s closing bell, Vishay Intertechnology’s stock fell 2.23%, ending the trading session at $24.15.
Volume traded for the day: 16.50 million shares, which was above the 3-month average volume of 1.66 million shares.
Stock performance in the last month – up 13.92%; previous three-month period – up 21.66%; past twelve-month period – up 39.19%; and year-to-date – up 16.39%
After last Friday’s close, Vishay Intertechnology’s market cap was at $3.49 billion.
Price to Earnings (P/E) ratio was at 15.47.
The stock has a dividend yield of 1.41%.
The stock is part of the Technology sector, categorized under the Semiconductor – Broad Line industry. This sector was up 0.2% at the end of the session.
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