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

Bel Fuse Inc. (NASDAQ:BELFB) announced a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, July 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Bel Fuse has a payout ratio of 4.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bel Fuse to earn $8.03 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 3.5%.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $260.40 on Friday. The stock has a 50 day simple moving average of $239.46 and a 200 day simple moving average of $205.33. Bel Fuse has a 1-year low of $69.00 and a 1-year high of $308.27. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.31 billion, a P/E ratio of 59.32, a PEG ratio of 2.54 and a beta of 1.75.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.