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

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 0.29%. The ex-dividend date is Tuesday, April 15th.

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

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $83.51 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 27.03 and a beta of 1.23. The business’s fifty day moving average price is $87.64 and its 200 day moving average price is $92.27. 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 has a 12 month low of $51.00 and a 12 month high of $106.93.

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

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.