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

Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Wednesday, January 15th.

Bel Fuse has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.7 %

Shares of Bel Fuse stock opened at $76.90 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The firm has a fifty day moving average price of $74.53 and a 200 day moving average price of $68.19. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $85.91. The stock has a market cap of $970.48 million, a PE ratio of 12.95 and a beta of 1.34.

Wall Street Analysts Forecast Growth

BELFB has been the subject of several recent research reports. StockNews.com raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Needham & Company LLC raised their price target on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

Read Our Latest Research Report on Bel Fuse

Bel Fuse Company Profile

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Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.

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Dividend History for Bel Fuse (NASDAQ:BELFB)

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