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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) declared a quarterly dividend on Tuesday, April 29th, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, August 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, July 15th.

Bel Fuse has a dividend payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Stock Performance

BELFA stock traded up $0.30 during trading hours on Tuesday, hitting $64.80. 1,330 shares of the stock were exchanged, compared to its average volume of 12,124. The company has a 50-day simple moving average of $72.21 and a two-hundred day simple moving average of $85.88. The firm has a market capitalization of $812.53 million, a P/E ratio of 20.97 and a beta of 0.99. Bel Fuse has a 12 month low of $53.95 and a 12 month high of $106.93. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.29. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations of $148.60 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Wall Street Analyst Weigh In

Separately, Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.

Bel Fuse Company Profile

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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