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Achieving Growth and Investor Rewards: Benchmark Electronics Flourishes with Strong Performance and Rising Profits

Author: Benzinga Insights | July 13, 2023 11:05am

By the end of today, July 13, 2023, Benchmark Electronics (NYSE:BHE) is set to deliver a dividend payout of $0.17 per share, equating to an annualized dividend yield of 2.69%. The company's dividend payout went ex-dividend on June 29, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.

Benchmark Electronics Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-06-29 4 $0.17 2.69% 2023-06-12 2023-06-30 2023-07-13
2023-03-30 4 $0.17 2.82% 2023-03-13 2023-03-31 2023-04-13
2022-12-29 4 $0.17 2.36% 2022-12-12 2022-12-30 2023-01-13
2022-09-29 4 $0.17 2.47% 2022-09-12 2022-09-30 2022-10-14
2022-06-29 4 $0.17 2.93% 2022-06-21 2022-06-30 2022-07-14
2022-03-30 4 $0.17 2.56% 2022-03-14 2022-03-31 2022-04-14
2021-12-29 4 $0.17 2.63% 2021-12-13 2021-12-30 2022-01-13
2021-09-29 4 $0.17 2.42% 2021-09-15 2021-09-30 2021-10-14
2021-06-29 4 $0.17 2.19% 2021-06-15 2021-06-30 2021-07-14
2021-03-30 4 $0.16 2.02% 2021-03-15 2021-03-31 2021-04-14
2020-12-29 4 $0.16 2.52% 2020-12-11 2020-12-30 2021-01-13
2020-09-29 4 $0.16 3.28% 2020-09-11 2020-09-30 2020-10-14

In terms of dividend yield, Benchmark Electronics finds itself in the middle ground among its industry peers, while Deswell Indus (NASDAQ:DSWL) takes the lead with the highest annualized dividend yield at 7.75%.

Analyzing Benchmark Electronics Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.60 in 2019 to $0.66 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.

YoY Earnings Growth For Benchmark Electronics

earning chart graph

Investors can observe a growth in earnings for Benchmark Electronics from 2019 to 2022, as earnings per share increased from $1.46 to $1.99. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.

Recap

This article delves into the recent dividend payout of Benchmark Electronics and its implications for shareholders. Presently, the company is distributing a dividend of $0.17 per share, leading to an annualized dividend yield of 2.69%.

In terms of dividend yield, Benchmark Electronics finds itself in the middle ground among its industry peers, while Deswell Indus takes the lead with the highest annualized dividend yield at 7.75%.

Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Benchmark Electronics appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.

It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BHE DSWL

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