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

Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.07 per share by the electronics maker on Thursday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th.

Bel Fuse has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bel Fuse to earn $6.60 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 4.2%.

Bel Fuse Stock Performance

Shares of BELFB traded up $2.98 during trading hours on Thursday, hitting $84.51. The stock had a trading volume of 124,620 shares, compared to its average volume of 87,276. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The firm has a market capitalization of $1.06 billion, a PE ratio of 25.84, a PEG ratio of 0.97 and a beta of 1.28. The stock has a fifty day moving average price of $81.79 and a 200 day moving average price of $77.12.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.41% and a net margin of 7.66%. The business had revenue of $149.86 million during the quarter, compared to analysts’ expectations of $126.41 million. During the same period in the previous year, the business posted $1.29 EPS. Analysts anticipate that Bel Fuse will post 5.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BELFB. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $100.00.

Insider Activity at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.37% of the stock is currently owned by corporate insiders.

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.