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.
View Our Latest Report on Bel Fuse
Bel Fuse Company Profile
(
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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.
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