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

Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, October 15th will be given a dividend of 0.07 per share by the electronics maker on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th.

Bel Fuse has a payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bel Fuse to earn $8.81 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 3.2%.

Bel Fuse Stock Performance

Shares of BELFB opened at $274.83 on Tuesday. Bel Fuse has a 1 year low of $124.42 and a 1 year high of $335.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.20 and a current ratio of 4.48. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 66.38, a price-to-earnings-growth ratio of 2.82 and a beta of 1.72. The firm has a fifty day moving average of $280.41 and a 200-day moving average of $247.55.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after purchasing an additional 355,563 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Bel Fuse during the fourth quarter valued at approximately $42,680,000. Wasatch Advisors LP boosted its stake in Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after buying an additional 174,969 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Bel Fuse by 45.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after buying an additional 140,804 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.