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

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors 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 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, January 15th.

Bel Fuse has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.7 %

NASDAQ:BELFB traded down $0.53 on Wednesday, reaching $76.90. 70,805 shares of the stock traded hands, compared to its average volume of 92,800. The firm has a market capitalization of $970.48 million, a price-to-earnings ratio of 13.02 and a beta of 1.34. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $85.91. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $74.53 and its 200-day moving average is $68.19.

Wall Street Analyst Weigh In

BELFB has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th. Northland Capmk raised shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 5th. Finally, Northland Securities boosted their target price 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.

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.