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

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.07 per share by the electronics maker on Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Wednesday, January 15th.

Bel Fuse has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bel Fuse to earn $4.97 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 5.6%.

Bel Fuse Price Performance

Shares of BELFB traded up $0.08 during midday trading on Wednesday, hitting $77.51. 5,024 shares of the company traded hands, compared to its average volume of 92,487. The stock has a market cap of $978.18 million, a price-to-earnings ratio of 13.04 and a beta of 1.34. The firm has a 50 day moving average of $74.53 and a 200-day moving average of $68.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $85.91.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price target on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Finally, Northland Securities increased their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

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.