Bel Fuse Inc. (NASDAQ:BELFB) Declares 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) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Stockholders of record on Wednesday, October 15th will be paid 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 is Wednesday, October 15th. This is a 16.7% increase from Bel Fuse's previous quarterly dividend of $0.06.

Bel Fuse has a payout ratio of 4.7% meaning 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

NASDAQ BELFB traded up $0.96 during mid-day trading on Tuesday, hitting $132.47. The stock had a trading volume of 60,005 shares, compared to its average volume of 115,928. 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's 50 day moving average is $95.98 and its 200 day moving average is $82.79. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.75 and a beta of 1.52. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $134.74.

Wall Street Analyst Weigh In

BELFB has been the topic of several research analyst reports. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Needham & Company LLC upped their price objective on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Robert W. Baird initiated coverage on Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price for the company. Finally, Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $113.60.

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.