Bel Fuse Inc. (NASDAQ:BELFA) to Issue $0.06 Quarterly Dividend

by · The Cerbat Gem

Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Bel Fuse has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Trading Up 1.9%

Bel Fuse stock opened at $236.10 on Friday. The firm has a 50 day simple moving average of $219.01 and a 200-day simple moving average of $185.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The stock has a market capitalization of $3.00 billion, a PE ratio of 56.89 and a beta of 1.42. Bel Fuse has a 12-month low of $62.78 and a 12-month high of $276.20.

Bel Fuse (NASDAQ:BELFA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The business had revenue of $178.49 million during the quarter, compared to analysts’ expectations of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Analyst Ratings Changes

Several research firms have recently issued reports on BELFA. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Robert W. Baird set a $250.00 price objective on shares of Bel Fuse in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $250.00.

Read Our Latest Report on Bel Fuse

Bel Fuse Company Profile

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Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.

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