Bel Fuse Inc. (NASDAQ:BELFB) Announces Dividend Increase - $0.07 Per Share

Key Points

• Bel Fuse Inc. announced a 16.7% increase in its quarterly dividend, from $0.06 to $0.07 per share, which will be paid out on October 31st to investors of record on October 15th.
• The company has a dividend payout ratio of 4.7%, indicating strong earnings coverage for the dividends, with expected earnings of $5.43 per share next year.
• Bel Fuse's stock is currently trading at $127.50, with a market cap of $1.62 billion and a 52-week trading range between $57.99 and $131.68.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a 16.7% increase from Bel Fuse's previous quarterly dividend of $0.06.

Bel Fuse has a dividend payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $5.43 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 5.2%.

Bel Fuse Price Performance

Bel Fuse stock traded down $2.54 during mid-day trading on Friday, reaching $127.50. The company had a trading volume of 201,469 shares, compared to its average volume of 115,594. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $131.68. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.62 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.73 and a beta of 1.51. The business has a fifty day simple moving average of $93.70 and a 200 day simple moving average of $82.06.

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.

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