Bel Fuse, Inc. (NASDAQ:BELFA) Plans Quarterly Dividend of $0.07

Bel Fuse, Inc. (NASDAQ:BELFA) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.07 per share by the scientific and technical instruments company on Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, January 14th. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06.

NASDAQ:BELFA opened at $14.66 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.94 and a current ratio of 3.21. The stock has a market capitalization of $173.03 million, a P/E ratio of 17.78 and a beta of 2.09. The company has a 50 day moving average price of $12.76 and a 200 day moving average price of $14.39. Bel Fuse has a fifty-two week low of $9.10 and a fifty-two week high of $23.24.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, October 30th. The scientific and technical instruments company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.25. The firm had revenue of $124.48 million during the quarter. Bel Fuse had a net margin of 0.31% and a return on equity of 5.83%.

Separately, ValuEngine upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

In related news, Director Peter E. Gilbert bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $10.52 per share, with a total value of $52,600.00. Following the transaction, the director now directly owns 23,750 shares of the company’s stock, valued at approximately $249,850. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.53% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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Dividend History for Bel Fuse (NASDAQ:BELFA)

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