Bel Fuse Inc. (NASDAQ:BELFB) Shareholders to Collect $0.07 Quarterly Dividend

Key Points

• Bel Fuse declared a quarterly dividend of $0.07 per share, equivalent to $0.28 annually and a 0.1% yield. Shareholders of record on January 15 will receive payment on January 29.
• The dividend appears well covered, with a current payout ratio of 4.7% and an expected future payout ratio of 3.1%, based on analysts’ projected earnings.
• Bel Fuse shares rose 2.3% to $240.39, despite the company’s latest quarterly earnings of $1.83 per share falling short of the $2.72 consensus estimate; revenue exceeded expectations.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, January 15th will be given a dividend of $0.07 per share by the electronics maker on Friday, January 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, January 15th.

Bel Fuse has a payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $9.05 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 3.1%.

Bel Fuse Stock Up 2.3%

Shares of NASDAQ:BELFB traded up $5.35 during trading on Tuesday, hitting $240.39. 129,627 shares of the company were exchanged, compared to its average volume of 218,378. The business's 50 day moving average is $238.61 and its 200-day moving average is $247.94. The company has a market capitalization of $3.47 billion, a P/E ratio of 57.24, a price-to-earnings-growth ratio of 2.46 and a beta of 1.67. Bel Fuse has a 1-year low of $133.71 and a 1-year high of $335.29.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.89). The firm had revenue of $220.51 million for the quarter, compared to analyst estimates of $215.74 million. Bel Fuse had a net margin of 7.34% and a return on equity of 9.76%. As a group, sell-side analysts anticipate that Bel Fuse will post 6.89 earnings per share for the current year.

Insider Buying and Selling at Bel Fuse

In related news, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the sale, the director owned 750 shares of the company's stock, valued at approximately $219,090. The trade was a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vincent Vellucci sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the completion of the transaction, the director owned 7,434 shares in the company, valued at approximately $1,748,105.10. The trade was a 11.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,893 shares of company stock valued at $476,949. Insiders own 5.37% of the company's stock.

Institutional Trading of Bel Fuse

Several hedge funds have recently made changes to their positions in BELFB. Janus Henderson Group PLC grew its position in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker's stock valued at $150,587,000 after purchasing an additional 140,804 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Bel Fuse by 2.2% during the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker's stock worth $162,994,000 after purchasing an additional 10,705 shares in the last quarter. Congress Asset Management Co. purchased a new stake in Bel Fuse during the 3rd quarter worth about $63,101,000. Dimensional Fund Advisors LP boosted its stake in Bel Fuse by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 256,833 shares of the electronics maker's stock worth $50,851,000 after purchasing an additional 1,992 shares during the period. Finally, Tidal Investments LLC boosted its stake in Bel Fuse by 49.4% in the 2nd quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker's stock worth $70,540,000 after purchasing an additional 70,014 shares during the period. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company's portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.