Bel Fuse Inc. (NASDAQ:BELFA) Shares Will Pay Quarterly Dividend of $0.06

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, January 15th will be given a dividend of $0.06 per share by the scientific and technical instruments company on Friday, January 29th. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, January 15th.

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

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded up $4.03 on Tuesday, reaching $193.57. The stock had a trading volume of 48,834 shares, compared to its average volume of 109,356. The stock has a market cap of $2.80 billion, a P/E ratio of 48.76 and a beta of 1.37. The business’s 50-day moving average price is $194.17 and its two-hundred day moving average price is $215.73. Bel Fuse has a fifty-two week low of $114.02 and a fifty-two week high of $293.51.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.