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

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, July 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Bel Fuse has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Trading Up 1.9%

NASDAQ BELFA opened at $236.10 on Friday. The stock has a 50-day simple moving average of $219.01 and a 200 day simple moving average of $185.49. The company has a market capitalization of $3.00 billion, a PE ratio of 56.89 and a beta of 1.42. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. Bel Fuse has a 12 month low of $62.78 and a 12 month high of $276.20.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The business had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.