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

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

Bel Fuse has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bel Fuse to earn $6.04 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 4.6%.

Bel Fuse Stock Performance

Shares of BELFB stock traded down $1.39 during trading hours on Monday, hitting $84.68. The stock had a trading volume of 87,008 shares, compared to its average volume of 88,389. The firm has a market capitalization of $1.06 billion, a PE ratio of 25.90, a PEG ratio of 1.00 and a beta of 1.28. Bel Fuse has a twelve month low of $49.45 and a twelve month high of $92.61. The stock's 50 day moving average is $81.77 and its 200 day moving average is $77.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 2.71.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period in the previous year, the company posted $1.29 earnings per share. As a group, research analysts forecast that Bel Fuse will post 5.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now owns 8,023 shares of the company's stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BELFB shares. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday. Needham & Company LLC upped their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price target for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $100.00.

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.