Bel Fuse, Inc. (NASDAQ:BELFB) to Issue $0.07 Quarterly Dividend

Bel Fuse, Inc. (NASDAQ:BELFB) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, January 14th.

Shares of NASDAQ BELFB opened at $16.53 on Friday. The stock has a market cap of $202.09 million, a PE ratio of 19.54 and a beta of 1.46. The business has a fifty day moving average of $14.58 and a two-hundred day moving average of $16.06. Bel Fuse has a 52-week low of $9.03 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.94 and a current ratio of 3.21.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.22. Bel Fuse had a return on equity of 5.83% and a net margin of 0.31%. The business had revenue of $124.48 million during the quarter.

In other news, Director Peter E. Gilbert acquired 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $10.52 per share, for a total transaction of $52,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.37% of the company’s stock.

A number of research analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Bel Fuse in a report on Wednesday, September 11th. They issued a “buy” rating and a $16.00 price target for the company. ValuEngine raised Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, TheStreet cut Bel Fuse from a “c” rating to a “d+” rating in a report on Wednesday, October 30th.

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:BELFB)

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