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

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, November 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, October 15th.

Bel Fuse has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Bel Fuse to earn $4.97 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 5.6%.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $83.29 on Monday. The stock’s fifty day moving average is $70.09 and its 200 day moving average is $66.37. Bel Fuse has a one year low of $39.13 and a one year high of $83.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The stock has a market cap of $1.05 billion, a P/E ratio of 14.02 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same quarter last year, the company earned $1.95 earnings per share. Sell-side analysts anticipate that Bel Fuse will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

BELFB has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Finally, Northland Securities raised their price target on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.