Bel Fuse Inc. (BELFA) to Issue Quarterly Dividend of $0.06 on November 1st

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, November 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th.

Bel Fuse has increased its dividend payment by an average of 1.4% per year over the last three years. Bel Fuse has a dividend payout ratio of 4.8% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Stock Performance

Bel Fuse stock opened at $103.55 on Friday. Bel Fuse has a fifty-two week low of $38.82 and a fifty-two week high of $104.97. The firm’s 50 day simple moving average is $90.66 and its 200-day simple moving average is $82.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The company has a market cap of $1.31 billion, a P/E ratio of 18.39 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.87 by $0.59. The business had revenue of $133.21 million during the quarter. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%.

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.