Bel Fuse Inc. (NASDAQ:BELFA) Declares $0.06 Quarterly Dividend

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Thursday, May 1st. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Tuesday, April 15th.

Bel Fuse has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Trading Up 1.7 %

Bel Fuse stock traded up $1.37 during trading on Thursday, reaching $83.51. The company had a trading volume of 12,026 shares, compared to its average volume of 9,587. Bel Fuse has a 12-month low of $51.00 and a 12-month high of $106.93. The stock’s 50 day moving average price is $87.93 and its two-hundred day moving average price is $92.33. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 27.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.44. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 18.66% and a net margin of 7.66%.

About Bel Fuse

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.