Our analysis is based on comparing Littelfuse, Inc. with the following peers – Powell Industries, Inc., TE Connectivity Ltd., AVX Corporation, ON Semiconductor Corporation, General Electric Company, STMicroelectronics NV ADR RegS, CTS Corporation, Vishay Intertechnology, Inc., Bel Fuse Inc. Class A and Semtech Corporation (POWL-US, TEL-US, AVX-US, ON-US, GE-US, STM-US, CTS-US, VSH-US, BELFA-US and SMTC-US).
Littelfuse, Inc.’s dividend yield is 0.82 percent and its dividend payout is 19.83 percent. This compares to a peer average dividend yield of 1.08 percent and a payout level of 36.76 percent. This relatively lagging dividend performance could spur some dividend action going forward – as long as the company’s relatively strong dividend quality score of 83 out of a possible score of 100 looks sustainable.
Dividend Quality Overview
- Over the last twelve months (prior to September 30, 2017), LFUS-US paid a high quality dividend, which represents a yield of 0.64% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were high quality, 1 was medium quality and 1 was low quality.
- The ending cash balance, with a dividend coverage of 12.09x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to September 30, 2017), LFUS-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 8.48x), investing cash flow (coverage of -2.98x), issuance cash flow (coverage of 1.50x) and twelve-month prior cash (coverage of 6.44x), for a total dividend coverage of 13.09x.
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||1.35||0.9||0.96||1.03||0.83||0.82|
|Dividend Payout (%)||22.35||21.32||21.51||30.34||26.96||19.83|
A complete list of metrics and analysis is available on the company page.
Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. It offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions, as well as a leading offering of power switching devices. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer’s representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.
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