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

Bel Fuse Inc. (NASDAQ:BELFB) 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.

Bel Fuse Company Profile

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.