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

Key Points

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Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, October 31st. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

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

Bel Fuse Trading Down 2.6%

Shares of NASDAQ:BELFA traded down $2.93 during midday trading on Friday, hitting $111.60. 4,358 shares of the stock were exchanged, compared to its average volume of 6,700. The business's 50-day moving average price is $85.45 and its 200 day moving average price is $78.24. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.91 and a beta of 1.12. Bel Fuse has a 12 month low of $53.95 and a 12 month high of $117.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 3.05.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.43. The company had revenue of $168.30 million for the quarter, compared to analysts' expectations of $149.60 million. Bel Fuse had a net margin of 8.59% and a return on equity of 18.33%.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock worth $2,704,000 after purchasing an additional 11,031 shares during the period. JPMorgan Chase & Co. increased its position in Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company's stock worth $10,205,000 after buying an additional 45,710 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Bel Fuse by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock valued at $3,321,000 after buying an additional 3,167 shares during the period. Wells Fargo & Company MN lifted its position in shares of Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after buying an additional 223 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bel Fuse by 3.1% during the 4th quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company's stock valued at $3,896,000 after buying an additional 1,300 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

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.