Bel Fuse Inc. (NASDAQ:BELFB) Announces Quarterly Dividend of $0.07

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Monday, July 15th will be given a dividend of 0.07 per share by the electronics maker on Thursday, August 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, July 15th.

Bel Fuse has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bel Fuse to earn $5.64 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 5.0%.

Bel Fuse Stock Up 0.1 %

BELFB stock traded up $0.08 during trading on Thursday, reaching $58.57. The stock had a trading volume of 72,373 shares, compared to its average volume of 118,750. Bel Fuse has a one year low of $39.13 and a one year high of $74.75. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $57.51 and its two-hundred day moving average is $58.90. The company has a market capitalization of $747.35 million, a price-to-earnings ratio of 9.86 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The firm had revenue of $140.01 million during the quarter, compared to the consensus estimate of $152.86 million. Equities research analysts forecast that Bel Fuse will post 4.7 EPS for the current year.

Insiders Place Their Bets

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the sale, the director now directly owns 7,392 shares in the company, valued at approximately $419,126.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BELFB. Needham & Company LLC reduced their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Monday. StockNews.com raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Finally, Northland Securities downgraded shares of Bel Fuse from an "outperform" rating to a "market perform" rating and set a $63.00 target price for the company. in a research report on Thursday.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.