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

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Wednesday, January 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% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Trading Down 0.2 %

Bel Fuse stock opened at $101.97 on Thursday. The business has a 50-day simple moving average of $95.72 and a two-hundred day simple moving average of $85.13. The company has a market cap of $1.29 billion, a P/E ratio of 18.11 and a beta of 1.28. Bel Fuse has a 52-week low of $49.78 and a 52-week high of $105.60. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17.

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.