Press Release

Share Repurchase Authorization & Quarterly Dividend Announcement

Belden
05.25.2017
Share

ST. LOUIS--(BUSINESS WIRE)-- The Board of Directors of Belden Inc. (NYSE: BDC) today approved a new share repurchase authorization and declared quarterly dividends to holders of its common stock and 6.75% series B mandatory convertible preferred stock. Specifics regarding the share repurchase authorization and dividends are as follows:


  • A new share repurchase authorization that enables the Company to purchase up to $200 million of its common stock through open market purchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This share repurchase authorization does not have an expiration date.

  • A quarterly dividend to holders of common stock of $0.05 per share payable on July 6, 2017 to shareholders of record as of June 15, 2017.

  • A quarterly to dividend to holders of the 6.75% series B mandatory convertible preferred stock of $168.75 per share, payable on July 17, 2017 to shareholders of record as of July 1, 2017

About Belden

Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia.

Previous Post Belden to Participate in Upcoming Investor Events
Next Post Share Repurchase Authorization & Quarterly Dividend Announcement

Corporate Communications

System.String[]

Belden

Belden utilizes a range of subject matter experts to help source our quality content. These subject matter experts include current and former employees, 3rd party contributors, and industry specialists. If you have questions on the content from this page, please reach out to americas.marketing@belden.com to get in touch with the relevant team member.