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

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Thursday, May 1st. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Tuesday, April 15th.

Bel Fuse has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings.

Bel Fuse Stock Up 1.7 %

NASDAQ:BELFA opened at $83.51 on Friday. The company has a quick ratio of 2.71, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $87.64 and its two-hundred day moving average is $92.27. Bel Fuse has a 52 week low of $51.00 and a 52 week high of $106.93. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 27.03 and a beta of 1.23.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million.

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.