Bel Fuse Inc. (BELFA) To Go Ex-Dividend on July 15th

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Bel Fuse has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $229.55 on Monday. The stock has a market cap of $2.92 billion, a PE ratio of 55.31 and a beta of 1.37. The firm has a fifty day moving average price of $250.19 and a 200 day moving average price of $214.49. Bel Fuse has a 1 year low of $87.90 and a 1 year high of $293.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $178.49 million for the quarter, compared to analyst estimates of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup started coverage on shares of Bel Fuse in a research note on Monday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.