Bel Fuse, Inc. (BELFB) Declares Quarterly Dividend of $0.07
Bel Fuse, Inc. (NASDAQ:BELFB) announced a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Monday, January 15th will be paid a dividend of 0.07 per share by the electronics maker on Thursday, February 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, January 11th.
Shares of Bel Fuse (NASDAQ:BELFB) opened at $23.75 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 1.59. The company has a market cap of $282.07, a PE ratio of 23.28 and a beta of 0.76. Bel Fuse has a 12-month low of $21.65 and a 12-month high of $33.45.
In other news, insider Daniel Bernstein sold 3,000 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total transaction of $73,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is currently owned by company insiders.
Separately, BidaskClub downgraded shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Saturday.
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About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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