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

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, October 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th.

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

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $219.47 on Tuesday. The firm has a market capitalization of $2.79 billion, a PE ratio of 56.13 and a beta of 1.40. Bel Fuse has a 12 month low of $107.51 and a 12 month high of $293.51. The business’s 50-day moving average price is $242.91 and its 200-day moving average price is $221.96. The company has a current ratio of 4.48, a quick ratio of 3.20 and a debt-to-equity ratio of 0.47.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.42. The company had revenue of $210.69 million during the quarter, compared to analysts’ expectations of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

About Bel Fuse

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.