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

Bel Fuse logo with Computer and Technology background

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Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Investors 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 payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Price Performance

BELFA traded up $4.46 on Monday, hitting $116.06. 2,487 shares of the stock were exchanged, compared to its average volume of 6,918. Bel Fuse has a 12 month low of $53.95 and a 12 month high of $117.23. The business has a 50-day moving average of $86.48 and a two-hundred day moving average of $78.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 30.07 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.43. The firm had revenue of $168.30 million during 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%.

Analysts Set New Price Targets

Separately, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Monday, June 9th.

Read Our Latest Analysis on BELFA

Bel Fuse Company Profile

(Get Free Report)

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.

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Dividend History for Bel Fuse (NASDAQ:BELFA)

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