Bel Fuse Inc. (NASDAQ:BELFA) to Issue $0.06 Quarterly Dividend

Key Points

• Bel Fuse will pay a $0.06 quarterly dividend to shareholders of record on April 15, payable May 1 (ex-dividend date April 15), implying about a 0.1% yield and a 4.0% payout ratio, so the dividend is well covered by earnings.
• The company reported a strong quarter (Feb 17) with EPS of $1.88 vs. $1.10 expected and revenue of $175.94M (consensus $172.01M), delivering a 9.11% net margin and 21.78% return on equity.
• Shares opened near $223.19 (52‑week range $59.91–$227.59) with a market cap of $2.83B; analysts’ average price target is $250, though ratings are mixed.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th.

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

Bel Fuse Stock Performance

BELFA stock opened at $223.19 on Monday. Bel Fuse has a 52 week low of $59.91 and a 52 week high of $227.59. The company has a market capitalization of $2.83 billion, a PE ratio of 48.00 and a beta of 1.25. The company's 50-day simple moving average is $199.72 and its 200 day simple moving average is $163.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.78. Bel Fuse had a net margin of 9.11% and a return on equity of 21.78%. The business had revenue of $175.94 million during the quarter, compared to analysts' expectations of $172.01 million.

Analysts Set New Price Targets

Several brokerages recently issued reports on BELFA. Robert W. Baird set a $250.00 price target on Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings cut Bel Fuse from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "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.

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