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

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Bel Fuse, Inc. (NASDAQ:BELFB) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, January 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, January 14th.

BELFB opened at $16.53 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.94 and a debt-to-equity ratio of 0.69. The company has a market cap of $202.09 million, a price-to-earnings ratio of 19.54 and a beta of 1.46. The company’s 50 day moving average is $14.58 and its 200 day moving average is $16.06. Bel Fuse has a 12-month low of $9.03 and a 12-month high of $27.77.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.22. The company had revenue of $124.48 million for the quarter. Bel Fuse had a net margin of 0.31% and a return on equity of 5.83%.

In other news, Director Peter E. Gilbert purchased 5,000 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $10.52 per share, with a total value of $52,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is owned by insiders.

A number of equities analysts recently issued reports on the stock. TheStreet downgraded shares of Bel Fuse from a “c” rating to a “d+” rating in a report on Wednesday, October 30th. ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC assumed coverage on shares of Bel Fuse in a report on Wednesday, September 11th. They issued a “buy” rating and a $16.00 price objective on the stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Dividend History for Bel Fuse (NASDAQ:BELFB)

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